Canada's Economy Amid Trade War
The Canada–United States trade war has led to a "fall off in momentum" across several sectors of Canada's economy, according to a new report.
Despite exports declining, Canadian consumers continued to spend, as noted by Statistics Canada's chief economic advisor, Guy Gellatly.
"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,"
Gellatly stated, highlighting the impact of the trade war on jobs, prices, and businesses.
The report outlines the effects of the trade war on various aspects of the economy, including the response of businesses and households to the uncertainty.
Author's summary: Canada's economy faces challenges amid trade war.
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