2 w. ago
Canada's economy will be one of the most hurt by global downturn
A new report warns Canada of a grim future, predicting that our economy will be hit the hardest by a global economic slowdown.The Organization for Economic Co-operation and Development (OECD) released the first issue of its 2025 economic outlook, and the forecast didn't look so good for countries embroiled in a trade war with the United States.The economic outlook projects global growth slowing from 3.3 per cent in 2024 to 2.9 per cent in both 2025 and 2026.It notes that the slowdown is expected to be most pronounced in the U.S., Canada, Mexico and China.OECD slams Canada’s immigration policy: Record-high immigration is worsening housing, productivity & hiding a per capita recession, says new report. GDP is up — but Canadians are poorer. 👉 Low-skilled inflows 📷 Soaring housing costs 📷#cdnpoli #OECD pic.twitter.com/zWR3zQtgJE— ICC Immigration (@icc_immigration) June 3, 2025"The global outlook is becoming increasingly challenging," ...
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