Canada's Economy Takes Another Hit from U.S. Trade War Tariffs

Canada's economy has shown resilience in the face of U.S. tariffs, but new import bans on Canadian products are creating further drag.

Accounting firm Deloitte has lowered its growth forecast for next year by 20 per cent in response to the ongoing trade tensions.

This news comes as a range of Canadian products, including maple syrup and wine, face increased tariffs under new U.S. import bans.

The U.S.-Canada trade war has been ongoing since 2018, with both countries imposing retaliatory tariffs on each other's goods.