Despite Trade Turmoil, Canada’s Economy Is Expected to Grow and Deficit to Fall

Trump’s war with Iran is generating some economic karma for Canada Spike in energy prices is improving Canada’s economic position, enabling it to progress decoupling from US, and likely strengthening its hand in upcoming CUSMA / USMCA renewal negotiations War has lots of unintended consequences

Mark Carney’s budget update kept to his path of diversifying away from the U.S. and predicted that the Canadian economy would continue to grow.