Economic outlook
Tariffs, trade, and a new path forward
A quarterly publication that offers insights from Deloitte economists on trends and events shaping Canadian and international economies, such as economic growth, consumer spending, business investment, trade, market activity, interest rates, and commodity prices.
Tariffs, trade, and a new path forward
Economic outlook: Summer 2025
Trade tensions are heating up, investments are stalling, and pressure to pivot is building in key sectors like steel, autos, and aluminum manufacturing. It is clear that we need to do things differently for a shift in Canada’s economy.
As uncertainty clouds Canada’s trade future, economic momentum is cooling. But with interest rates lower, a new federal agenda in motion, and early signs of resilience in energy-producing provinces, recovery may not be far behind.
Can clarity on trade unlock the next wave of growth? And will this moment of pressure become a turning point for our economy? Find out in our latest Economic outlook: Tariffs, trade, and a new path forward.
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