
Tuesday May 06, 2025
Canada’s Economic Woes: Tariff War Sparks Recession Fears
Explore the looming economic challenges facing Canada as trade tensions with the US escalate. We discuss the potential recession, rising unemployment, and government responses to the tariff war. Plus, updates on global economic forecasts and the Bank of England's expected interest rate cut.
Sources:
https://thoughtleadership.rbc.com/canadas-path-ahead/
https://www.fitchratings.com/research/sovereigns/spending-promises-may-compound-canadas-fiscal-challenges-29-04-2025
https://www.vanguard.ca/en/insights/canada-q1-2025-outlook
https://financialpost.com/news/economy/canadian-economy-headed-recession-2025-deloitte
https://economictimes.com/news/international/canada/canada-faces-a-summer-of-shortages-even-after-mark-carneys-victory-heres-the-reason-behind-it/articleshow/120903285.cms