Canada's Economy Amid Trade War
According to Statistics Canada, the trade war with the US has caused a "fall off in momentum" in Canada's economy, affecting jobs, prices, and businesses.
"If I had to underline one common theme, it's obviously uncertainty and what businesses and households are doing to mitigate those challenges posed by uncertainty,"
said Guy Gellatly, chief economic advisor at Statistics Canada. Despite exports declining, Canadian consumers continued spending.
The report highlights key economic developments since the start of the year, showing the trade war's impact on various parts of Canada's economy.
Author's summary: Trade war affects Canada's economy.