Canada's economic growth experienced a significant slowdown last month, raising concerns about the effect of Trump's tariffs. Trump announced plans for talks with Carney after Canada's election.
Canada's Economic Trends
Statistics Canada reported that the GDP did not grow in February. This stagnation contrasts with the robust 0.4% increase in January. Economists had anticipated healthy growth at the beginning of 2025, but February's data somewhat altered prospects.
Trump-Carney Meeting Plans
Canada's Prime Minister Mark Carney and U.S. President Donald Trump discussed future talks over the phone, which will commence after the Canadian election. Plans include discussions on a new economic and security policy.
Political Landscape Ahead of Elections
Canada's national election is scheduled for April 28. Carney is contesting the prime minister's seat against Conservative Leader Pierre Poilievre. Measures to counter U.S. economic pressure are being debated.
The slowdown in Canada's economy and impending U.S. tariffs are escalating political tensions. Talks between Carney and Trump are being planned, which could reshape the economic policies of the two nations.
