Canadian recession looms this year if U.S. tariffs stay in place: economists

GOLDSTEIN: Why Carney and Trudeau should be cheering for a tariff-induced recession

Why Carney and Trudeau should be cheering for a tariff-induced recession.

Tariffs Explained: What They Mean for You Amid Canada-Mexico Duties Chaos

Major US tariffs against Canada and Mexico are now in effect, igniting fears of a recession and broader trade war, though some have already been rolled back temporarily.

Trump tariffs threaten to derail Canada’s economic recovery

U.S. tariffs that took effect on Tuesday are threatening to derail Canada’s fledgling economic recovery and will fuel a rise in consumer prices and unemployment, potentially triggering a recession.

Tariff Turbulence: Canada's Economic Resurgence Threatened

Tariff Turbulence: Canada's Economic Resurgence Threatened Canada's economic recovery is under threat from newly imposed U.S. tariffs that could wipe out two years of growth. Experts warn that these tariffs may fuel inflation and drive unemployment rates up as the country leans heavily on trade with its southern neighbor.Economic indicators had shown improvement, with growth at 2.6% in the fourth quarter and falling unemployment. However, the ne…

Trump’s tariffs will push Canada into recession, economists say: Here’s what to expect as prices rise and the layoffs start

The fallout of Trump’s tariffs means some sectors of Canada’s economy will face mass layoffs, while many goods and services are about to get more expensive.

Canadian is headed for recession if U.S. tariffs stick: economists

Canada’s economic landscape "is set to change dramatically" because measures on both sides of the border will cause prices to increase, unemployment to rise and consumers to pull back, said RSM Canada economist Tu Nguyen.