Canada's economy remains resilient despite U.S. tariffs

Canada's economy is facing challenges due to U.S. tariffs, particularly affecting the auto and steel sectors. Despite this, projections indicate a modest 1.6 percent reduction in economic performance by 2035. Trade Minister Dominic LeBlanc has confirmed that negotiations with the U.S. are ongoing, while Canada aims to strengthen trade ties with Europe and Asia to mitigate reliance on the U.S. market.

Canada's economy remains resilient despite U.S. tariffs
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Published Aug 20, 2026
business economy North America
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