The Canadian economy contracted in the second quarter under the weight of U.S. tariffs, Statistics Canada said Friday.
Real gross domestic product declined 1.6 per cent on an annualized basis in the second quarter thanks to a sharp drop-off in exports and business investment.
Real GDP was also down on a per-capita basis in the second quarter, swinging from a gain in the previous quarter.
1 Comment
The Canadian economy contracted in the second quarter under the weight of U.S. tariffs, Statistics Canada said Friday.
Real gross domestic product declined 1.6 per cent on an annualized basis in the second quarter thanks to a sharp drop-off in exports and business investment.
Real GDP was also down on a per-capita basis in the second quarter, swinging from a gain in the previous quarter.