Tariff uncertainty casts shadow over Canadian economy, with forecast of weak growth and rising unemployment. CIBC economist Benjamin Tal predicts near 0% GDP growth, potential recession. Resistance to Trump’s tariffs emerging, with uncertainty impacting investment. Expectations for trade deal with U.S. by year-end, with real GDP forecasts of 1.5% in 2025. Housing market softening, condo prices may fall further. Bank of Canada likely to cut rates. US economy performing well, AI revolution to fuel global growth.
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