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Macro - Country Economic Forecasts - Canada

Publisher Oxford Economics
Published Mar 14, 2025
Length 8 Pages
SKU # OFE19929291

Description

The US-Canada trade war will push Canada's economy into a recession that will spill over into early 2026. We have lowered our GDP growth forecasts for Canada by 0.3ppts to 1.1% in 2025 and now expect no growth in 2026, compared to 1.6% growth last month.

Table of Contents

8 Pages
Canada: US-Canada trade war will plunge the economy into recession
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

Pricing

Currency Rates
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