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Canada, recession and tariff

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Carney says President Trump's tariff order "will rupture" the global economy and increases the risk that the U.S. will fall into a recession.
From MarketWatch
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods.
From U.S. News & World Report
Phil Lempert, also the editor of supermarketguru.com, estimates that with the latest tariffs added onto the import taxes already imposed on grocery items from China, Canada and Mexico, "probably almo...
From NPR

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Posthaste: Canada dodges reciprocal tariffs, but did it dodge a recession?
Some might think Canada has sidestepped a widely predicted recession after it dodged Donald Trump’s reciprocal tariff bullet on Wednesday, but economists are still warning an economic contraction this year remains in the cards.
Canada’s economy is severely threatened by Trump’s tariffs
Canada’s economic growth slowed down significantly last month, raising fresh concerns about the impact of Trump’s tariffs. On Friday, Trump said that he spoke with Carney and planned a meeting to negotiate a ‘new economic and security relationship’ after Canada’s upcoming election.
Canada PM Carney Says U.S. Faces Recession Risk With Tariff Policy
Canadian Prime Minister Mark Carney says President Trump's tariff order "will rupture" the global economy and increases the risk that the U.S. will fall into a recession.
Trump's Tariffs Aren't Strictly Reciprocal. Here's How He Calculated Them
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what others assess as trade penalties on American goods
Trump Announces Sweeping New Tariffs. What’s Next
Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.
These are the places affected by Trump’s tariffs
The tariffs hit allies and rivals alike. The Republican president is placing a 10% baseline tax on trading partners around the globe and is setting heftier levies on major partners with which the U.S.
Higher prices are likely for these 10 grocery items when tariffs hit
A trip to the grocery or liquor store is about to become even more expensive, economists say. From seafood to olive oil, these items will likely cost more under President Trump's tariffs.
Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock
Little was spared in financial markets as fear flared about the potentially toxic mix of weakening economic growth and higher inflation.
Canadian prime minister says Canada will match US auto tariffs
Carney, a former two-time central banker in Canada and the UK, said Trump’s actions will reverberate in Canada and across the world.
Canada economy up 0.4% in January, most likely unchanged in February
The Canadian economy grew by 0.4% in January, on increases in mining, quarrying, and oil and gas extraction, as well as manufacturing, Statistics Canada said on Friday.
Canada's services PMI tumbles to near 5-year low on tariff concerns
The downturn in Canada's services economy deepened in March as U.S. tariffs and the start of a general election campaign led to an increase in economic uncertainty that cut client spending, S&P Global's Canada services PMI data showed on Thursday.
Bank of Canada says it would have likely held interest rate steady if not for tariff uncertainty
The Bank of Canada's top decision makers signalled they likely would have hit pause on the interest rate easing cycle earlier this month if not for the substantial uncertainty around tariffs from the United States.
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Tariffs may cause economic decline – Conference Board of Canada
The Conference Board of Canada forecasts a period of economic disruption as trade tensions between Canada and the United States lead to job losses and declining exports. According to a report covered by BNN Bloomberg,
Table of experts: 2025 economic outlook
UNC Charlotte economist John Connaughton projects the state’s GDP will grow 2.3% this year, down from 3.7% in 2024.
USD/CAD Price Forecast: Bounces back from 200-day EMA
The USD/CAD pair rebounds to near 1.4160 during European trading hours on Friday from an almost four-month low of 1.4026 posted on Thursday. The Loonie pair bounces back as the US Dollar (USD) attracts bids even though the announcement of reciprocal tariffs by President Donald Trump has raised concerns over the United States (US) economic outlook.
Tariff Uncertainty to Slow Economic Growth
Despite finishing 2024 on a high note, the global tariff uncertainty has dampened the outlook for the Canadian economy this year, according to new research from The Conference Board of Canada. Real GDP is forecast to grow 0.
Bank of Canada considered pausing rate cuts this month amid trade uncertainty
The central bank lowered its benchmark policy rate to 2.75 per cent this month, but the decision was a close one, according to a summary of deliberations
Trump’s policies cloud Maine’s economic outlook
President Donald Trump's global trade war and federal spending cuts — as well as his threat of cutting funds to Maine — have state officials preparing for slowing economic growth and rising unemployment.
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