Canadian economy shrinks 1.6% as exports decline
Canada’s economy took a hit in the second quarter and Statistics Canada says it’s because exports and business investments dropped, partly due to U.S. tariffs.
Canada’s economy took a hit in the second quarter and Statistics Canada says it’s because exports and business investments dropped, partly due to U.S. tariffs.
Gross domestic product fell at a 1.6 per cent annualized pace from April to June, the sharpest drop since the pandemic and the first quarterly contraction in nearly two years.
