U.S. Trade War Has Pushed Canada Into ‘Recession territory’: Experts

Canada’s GDP just fell. The bigger story is ‘beneath the hood’: experts - National

Canada's Gross Domestic Product, a measure of economic output, showed a third straight decline in June of 2025, according to Statistics Canada.

U.S. trade war has pushed Canada into ‘recession territory.’ Here’s what that means

Canada’s gross domestic product took a hit in recent months, Statistics Canada revealed on Friday. Economists say the data is worse than expected, and largely a result of the trade war with the U.S.

Canada’s Economy Grinds to Halt Amid Trade Tensions

Canada’s economy hit the brakes in the second quarter, with real GDP growth grinding to a halt at 0.1% annualized, a stark slowdown from the 2% growth seen in the first quarter. This revision, down from an initial estimate of 2.2%, signals a significant deceleration in economic activity. The per-capita GDP also took a hit, reversing the gains made in the previous quarter. The slowdown comes as U.S. Source