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Canadian economy grew 3.3% in Q2, fastest since 2023, exceeding central bank forecast, but new 50% US tariffs on $20bn exports inject uncertainty
The annualized growth rate was higher than the Bank of Canada's July forecast of 2.5%. This recovery was driven by a 3.6% jump in exports, the biggest increase in over three years, and solid domestic
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Canadian economy grew 3.3% in Q2, fastest since 2023, exceeding central bank forecast, but new 50% US tariffs on $20bn exports inject uncertainty
The annualized growth rate was higher than the Bank of Canada's July forecast of 2.5%. This recovery was driven by a 3.6% jump in exports, the biggest increase in over three years, and solid domestic
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Bank of Canada
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