Canada’s Economy Signals Early Recession, With GDP Shrinkage and Job Market Weaknesses

Economic indicators paint a concerning picture for Canada as the country appears to be edging into a recession. Forecasts predict a shrinking economy in Q2 2025 and Q3 2025, marked by job market contractions and weakening exports. The trade conflict with the US, fueled by President Trump’s renewed tariff threats, is contributing significantly to these economic pressures.