US EditionEconomic Fears Mount Over Trump’s Tariffs
- Canada's national statistical agency released figures Friday showing 2.2 percent economic growth in Q1 2025 despite underlying weaknesses.
- The growth occurred amid escalating trade tensions initiated by the US administration under President Donald Trump, leading to increased exports as businesses aimed to circumvent upcoming tariffs.
- Several leading automakers have announced temporary production slowdowns within a key sector of Canada's industrial economy as consumer spending declines amid growing economic uncertainty.
- Senior economist Andrew Hencic noted that while overall indicators imply the Canadian economy is maintaining steady growth, a closer analysis reveals signs of underlying weakness.
- Rising unemployment and weakening domestic demand imply further challenges, leading experts to expect the Bank of Canada might cut interest rates twice this year to support growth.
54 Articles
54 Articles
Companies are struggling to fill manufacturing positions, let alone plan for what Trump's administration has in mind
Reshoring manufacturing is a cornerstone of Trump's policy.REUTERS/Mike SegarUS manufacturing is struggling to fill existing jobs as tariffs aim to bring back more.The manufacturing industry faces a skills gap, an aging workforce, and negative perceptions.Trade experts say China has advantages in manufacturing from subsidies and low-cost labor.The US manufacturing renaissance may need a lot more than tariffs.President Donald Trump wants to bring…
Trump Adds the U.S. Economy to Chaos and Uncertainty
The word recession reappeared this week in the Federal Reserve minutes. U.S. central bank economists give a full-fledged economic crisis for this year the same probability as their central scenario, which is of low growth. In just four months, U.S. President Donald Trump has plunged the world’s first economy into chaos, confusion and uncertainty with his erratic trade policy and aggressive budget agenda, vilifying the entire world. The danger is…
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