Canada faces possible recession if US tariffs remain, economists warn

Economists say the Canadian economy is poised to plunge into a recession this year if U.S. tariffs that took effect Tuesday morning remain in place.

Canada’s economic landscape “is set to change dramatically” because of measures on both sides of the border, said RSM Canada economist Tu Nguyen, as the trade war will mean increased prices, rising unemployment and consumers pulling back on spending.

Anne Gaviola has more on why investors are concerned and why markets continue to sell off.

For more info, please go to https://globalnews.ca
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #canada #usa

Тэги:

#global_news #trump_tariffs #us_canada_trade_war #canada_tariffs #us_tariffs #donald_trump #recession #canada_finance_news #bank_of_canada_news #us_news #canada_counter_tariffs #justin_trudeau #mexico #us_canada_recession #great_depression #economics_canada #trump_era #economy_news_canada #canada_latest #canada_response_to_trump #us_vs_canada #trump_vs_canada

Скачать видео