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Canada’s Economy Slumps Again

Canada’s Economy Slumps Again

Published 1 week, 4 days ago
Description

Canada’s economy just hit a rough patch, shrinking for the second straight quarter — sparking talk of a technical recession. Prime Minister Mark Carney’s policies are under fire from Conservative Leader Pierre Poilievre, while StatsCan points to faltering resource and construction sectors as the main drivers. In response, the government is pushing forward with big-ticket energy and infrastructure projects — nuclear, wind, mining, and gas — hoping to jumpstart growth. With political heat rising and recovery plans on the table, the coming months will reveal whether Canada can turn this downturn around.

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