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‘It’s going to be bad’: Economists paint bleak picture as trade war erupts

North American trade war is expected to have severe consequences for the Canadian economy



Economists predict a North American trade war initiated by the U.S. will severely harm the Canadian economy, potentially leading to decreased GDP growth, increased inflation and unemployment, and affecting sectors like groceries and gasoline prices. While some remain cautiously optimistic about resolving trade issues, significant pain is expected during the trade diversification process.

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