Canadian Economy Shrinks 1.6% as Trade War Crushes Exports (www.bloomberg.com)
from RandAlThor@lemmy.ca to world@lemmy.world on 29 Aug 13:56
https://lemmy.ca/post/50640653

cross-posted from: lemmy.ca/post/50640602

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.

Web Archive: archive.is/Ku8H0#selection-1467.0-1575.306

#world