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Trade war takes huge toll on Canada’s economy in the second quarter

Domestic economic strength comforting but not sustainable as contracting GDP opens door to rate cuts by year-end
Canadian shoppers in the central downtown plaza of Yonge-Dundas Square beside the Eaton Centre in Toronto. Although Canadian consumers spent sharply in the spring, overall economic growth declined due to trade concerns. (Getty Images)
Canadian shoppers in the central downtown plaza of Yonge-Dundas Square beside the Eaton Centre in Toronto. Although Canadian consumers spent sharply in the spring, overall economic growth declined due to trade concerns. (Getty Images)
CoStar Analytics
September 3, 2025 | 6:52 P.M.

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