Canada’s economy grew 0.5% in April, according to StatCan

By Global News

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In a solid start to the second quarter, Canada’s economy grew 0.5% in April after a weaker than expected start to the year that raised some concerns Canada had entered a recession. Desjardins Economist, LJ Valencia believes, “It really should put an end to the speculation that Canada is in a recession.” While today’s data may help to calm some nerves, uncertainty over the future of the Canada-U.S. trade deal, and its impact on growth, remains. “This sort of persistent uncertainty and tariffs in general are a significant downside risk to economic activity,” Valencia said. Jacqueline Hansen has more. For more info, please go to https://globalnews.ca/news/11944337/canadian-economy-grows-april-technical-recession/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #GlobalNews

Tags: global news, Canada, GDP, GDP growth, Statcan, Statistics Canada, 0.5% growth, CUSMA, USMCA, trump tariffs, us-canada trade war, canada economy, economy, second quarter, recession, recession fears