Deloitte report warns of potential “modest recession” in Canada by 2025 due to uncertainty around Trump’s tariffs. Economy to grow by 1.1% by end of 2025, with delays in business investment and hiring. Bank of Canada may cut rates twice this year. Ontario, B.C., and Quebec to be most affected. Jobs impacted by tariffs, unemployment forecasted at 7.3% in Q3 2025.
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