Hub Podcasts The state of Canada's economy halfway through 2025
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Jul 2, 2025 Theo Argitis, The Hub's editor at large for business and economics, breaks down Canada's economic situation halfway through 2025. He discusses the challenges and improvements in business and consumer confidence, emphasizing emerging recovery signs despite weak short-term growth. Argitis highlights issues like economic contractions, rising unemployment, and the sluggish housing market. His insights into policy uncertainties and tariff impacts provide listeners with a clear understanding of the hurdles Canada faces and the hope for recovery.
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Canada's Economy Faces Strain But Improves
- Canada's economy faced significant challenges in early 2025 but avoided a severe crisis.
- Economic vulnerabilities were exposed, yet sentiment started improving as trade tensions eased.
Business And Consumer Confidence Rises
- Small and medium business confidence is the highest since pre-tariff times but remains below normal.
- Consumer sentiment is rebounding, with fewer Canadians fearing economic worsening soon.
Economic Activity Strains But Mild
- The Canadian economy is under strain with contraction and weak retail, exports, and manufacturing.
- Despite this, the downturn is mild and a modest recovery is expected by year-end.