{"id":729069,"date":"2026-06-11T06:28:26","date_gmt":"2026-06-11T06:28:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/729069\/"},"modified":"2026-06-11T06:28:26","modified_gmt":"2026-06-11T06:28:26","slug":"canadas-recession-outshines-australias-per-capita-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/729069\/","title":{"rendered":"Canada&#8217;s recession outshines Australia&#8217;s per capita economy"},"content":{"rendered":"<p>In the last 18 months, the Canadian economy has faced significant challenges as it has tried to adapt to a trade war with the world\u2019s largest economy, with which it shares an almost 9,000-km land border.<\/p>\n<p>Since the start of the U.S.-Canada trade war in early 2025, the Canadian economy has faced significant challenges as it has tried to adapt to a business environment with tariffs as high as 50%, which has had a major impact on confidence and economic activity.<\/p>\n<p>As of the latest Canadian national accounts data, the Canuck economy entered a technical recession by the narrowest of margins after experiencing two quarters of negative headline GDP growth, with the March quarter figure showing a contraction of less than 0.1% in unrounded terms.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/cg260529a001-eng.png\" width=\"580\" height=\"385\" alt=\"\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"In the last 18 months, the Canadian economy has faced significant challenges as it has tried to adapt&hellip;\n","protected":false},"author":2,"featured_media":729070,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-729069","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/729069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=729069"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/729069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/729070"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=729069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=729069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=729069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}