Tariff uncertainty imposed by The Americans on Canada could cause ‘modest recession’

Uday Rana, Global News

The Deloitte report noted that Canada’s economy will grow by 1.1 per cent by the end of 2025, accelerating to 1.6 per cent by next year.

However, the uncertainty around Trump’s tariffs will continue to cause economic damage.

Deloitte chief economist Dawn Desjardins said in the report that “the extreme rise in policy uncertainty” in Canada’s relationship with its largest trading partner, the United States, “now exceeds levels experienced during the pandemic.”