Canadian economy recovers sharply in Q2 but shadow of US tariffs in future
- Healthy domestic demand, led by consumer spending and business investment, shows Canada was brushing off stresses from past US tariffs.
- Canada’s economy has rebounded sharply in the second quarter after six months of virtually no growth, aided by a strong jump in exports and solid domestic demand, though a new round of tariffs from the United States brings renewed uncertainty.
- The economy grew at an annualised rate of 3.3 percent in the second quarter, the fastest rate since 2023, after a revised 0.3 percent increase in the first quarter, Statistics Canada said on Friday.
Unverified
- Healthy domestic demand, led by consumer spending and business investment, shows Canada was brushing off stresses from past US tariffs.
- Canada’s economy has rebounded sharply in the second quarter after six months of virtually no growth, aided by a strong jump in exports and solid domestic demand, though a new round of tariffs from the United States brings renewed uncertainty.
- The economy grew at an annualised rate of 3.3 percent in the second quarter, the fastest rate since 2023, after a revised 0.3 percent increase in the first quarter, Statistics Canada said on Friday.
Sources: Al Jazeera