Tens of thousands of jobs, half a point off GDP: Canada-U.S. trade war by the numbers - CBC

Canadian economic activity was unchanged in July, pausing after averaging 0.5% monthly gains between April and June. Weaknesses in manufacturing, wholesale, and retail trade offset continued growth in accommodation and food services and professional, scientific, and technical services sectors, and a jump in construction activity. Still, Statistics Canada’s advance estimate (highly revision-prone) indicated GDP rose by 0.2% in August. That is consistent with further growth in the third quarter, at a slower rate than the 3.3% (annualized) jump in Q2 but broadly in line with our own 1.8% forecast and our view that the economy remains in a gradual recovery phase.

BusinessDeloitte Canada has shaved 20 per cent off its growth forecast for Canada's economy in 2027, citing increasingly tough conditions for consumers and businesses. The accounting firm's latest outlook comes as a new American ban on select Canadian imports took effect. Statistics Canada says economic growth stalled in JulyJeff Lagerquist · CBC News · Posted: Sep 29, 2026 8:53 AM EDT | Last Updated: September 29Listen to this articleEstimated 5 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Workers are pictured at Amazon's 825,000-square-foot fulfilment and distribution centre in Pitt Meadows, B. C, on June 6, 2025. (Ben Nelms/CBC)Deloitte Canada has shaved 20 per cent off its growth forecast for Canada's economy in 2027, citing increasingly tough conditions for consumers and businesses. The accounting firm's latest outlook comes as a new American ban on select Canadian imports took effect on Tuesday. Deloitte sees the fallout of recent escalations in the Canada-U. S.