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Carney says chances of US recession has shot up, will hit Canada

  • Mark Carney stated that U.S. President Donald Trump's tariffs have significantly increased the likelihood of a U.S. Recession, impacting Canada significantly.
  • The Liberal Party proposed reducing RRIF withdrawal amounts by 25% for one year to help seniors during market turmoil.
  • NDP Leader Jagmeet Singh highlighted the real threat of recession and criticized austerity measures as worsening economic pain.
  • Conservative Leader Pierre Poilievre blamed both Trump and the Liberal government for market chaos, emphasizing the need for independence from the U.S. Economy.
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  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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Hoover Institution broke the news in on Monday, April 7, 2025.
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