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Deloitte Predicts Canadian Economic Downturn Amidst Tariff Uncertainty
Deloitte Canada forecasts a near-term economic downturn with GDP shrinking 1.1 percent in Q2 and 0.9 percent in Q3 2024 due to fading pre-tariff activity and rising tariffs, leading to 7.5 percent unemployment in Q3 before a projected return to under 7 percent next year; however, long-term growth po...
Deloitte Predicts Canadian Economic Downturn Amidst Tariff Uncertainty
Deloitte Canada forecasts a near-term economic downturn with GDP shrinking 1.1 percent in Q2 and 0.9 percent in Q3 2024 due to fading pre-tariff activity and rising tariffs, leading to 7.5 percent unemployment in Q3 before a projected return to under 7 percent next year; however, long-term growth po...
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