U.S. Importers’ Tariff Frontloading Rush Boosts Canada’s 2.2% GDP Growth

Statistics Canada reports Canada’s economy grew 2.2% annualized in Q1 2025, exceeding analysts’ 1.4% prediction. The 0.5% quarterly rise reflects strong exports. U.S. importers, stockpiling goods before tariffs, fueled this growth. Q4 2024 growth, revised to 2.1% annualized and 0.5% quarterly, shows slight improvement. Oil, gas, and mining sectors surged, driven by U.S. demand. However, […]