Slowdown in Canada's GDP expected
• By Editorial Staff
Canada's GDP growth is anticipated to ease through late 2026 due to trade-related concerns and escalating fuel prices. The country shed 68,000 jobs in September, with the unemployment rate standing at 6.5%. Draft documents propose a potential Canada-EU response to the U.S.'s trade actions, and U.S. businesses are facing further economic strain from the ongoing trade war with Canada. Resources Minister Tim Hodgson stated that energy in the ground does not contribute to Canada's prosperity. U.S. officials are also watching Canadian involvement in the upcoming midterm elections.