Forex
Canada's Economy Sees Minor Boost Amid Tariff Uncertainty
Canada's economy experienced a minor boost in May, growing by 0.3% according to Statistics Canada.
This exceeded the agency's initial expectations for real gross domestic product growth in the month.
Business owners are increasingly concerned about the impact of US President Donald Trump's vow to impose a 50% tariff on various Canadian goods.
The uncertainty surrounding this policy is causing some stalling effects on Canada's economy, with signs suggesting that activity was still rising in June and setting up a potential rebound for the second quarter of the year.