The Canadian economy is expected to see modest growth this year, but the ongoing war in the Middle East and continued trade uncertainty are among the risks to that projection.
Deloitte’s spring economic outlook released Thursday estimated 1.2 percent growth in 2026, down from last year’s 1.7 percent gain.
Dawn Desjardins, Deloitte’s chief economist, said Canadian consumers and businesses are still “navigating murky waters” amid a jolt in energy prices due to international conflict, an unclear future for North American trade and structural challenges from slowing population growth.
“We think the first half’s going to be the tougher half for Canada’s economy, but we have downgraded our second half a little bit, too,” Desjardins said in an interview….