Bloomberg - Are you a robot?
www.bloomberg.com

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.

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  • HikingVet@lemmy.ca
    181·
    10 days ago

    Yeah Bloomberg, I wouldn’t call that crushing. But we know you’re american business propaganda.

    • Shadow@lemmy.ca
      62·
      10 days ago

      Exports fell 27% on an annualized basis as US tariffs on Canadian goods shattered the country’s shipments abroad

      27% is pretty significant.

      • HikingVet@lemmy.ca
        122·
        10 days ago

        With trade deals with other countries set to kick in this should only be temporary.