Impact of Trade War on Canada's Economy
According to Statistics Canada, the trade war with the United States has caused a "fall off in momentum" in Canada's economy, affecting jobs, prices, and businesses.
Despite exports declining, Canadian consumers continued to spend, as reported 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 noted that uncertainty is a major challenge for businesses and households, who are looking for ways to mitigate its effects.
Author's summary: Trade war affects Canada's economy.More News
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