Economic experts warn that Canada’s job market could shrink significantly if current trade policies remain in place, with potential losses reaching into the five figures. The risk of a recession looms larger if negotiations over the United States-Mexico-Canada Agreement (USMCA) fail to secure a renewal, threatening both employment stability and broader economic growth. Businesses and policymakers are closely monitoring the situation as trade tensions escalate, raising concerns about long-term economic consequences. The stakes are high, with the outcome of these discussions holding major implications for Canada’s financial outlook.
Analysts say Canada may lose 100,000 jobs under the current tariffs and could go into recession if the USMCA pact ends.
