The Canadian economy contracted for the first time in nearly two years as the trade war with the US pinched exports and business investment. Canada’s gross domestic product shrank at a 1.6% annualized pace in the second quarter, Statistics Canada reported Friday from Ottawa. That’s the biggest decline since the Covid-19 pandemic and the first contraction in nearly two years.
Web Archive: https://archive.is/Ku8H0#selection-1467.0-1575.306
27% is pretty significant.
With trade deals with other countries set to kick in this should only be temporary.