{"id":178471,"date":"2025-09-29T20:29:06","date_gmt":"2025-09-29T20:29:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/178471\/"},"modified":"2025-09-29T20:29:06","modified_gmt":"2025-09-29T20:29:06","slug":"canada-expected-to-dodge-recession-in-2025-deloitte-forecast-shows","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/178471\/","title":{"rendered":"Canada expected to dodge recession in 2025, Deloitte forecast shows"},"content":{"rendered":"<p>Real GDP fell 1.6%\u00a0on an annualized basis in the second quarter, based on data from Statistics Canada.<\/p>\n<p>Similarly, TD Bank\u2019s Maria Solovieva said July\u2019s numbers helped steady the economy. GDP grew by 0.2% in July, ending three months of no growth. She added that August\u2019s early estimate showed no change, but if September also holds steady, <a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/economists-canadas-gdp-rebound-tempers-urgency-for-boc-rate-cuts\/551166\" rel=\"nofollow noopener\" target=\"_blank\">Canada will likely avoid a technical recession<\/a>.<\/p>\n<p>Despite the positive forecast, the report highlighted that sector-specific tariffs imposed by the US continue to weigh on Canada\u2019s manufacturing industries.<\/p>\n<p>Still, the country\u2019s relatively low average US\u00a0tariffs compared to other nations have helped minimize the damage.\u00a0<\/p>\n<p>Meanwhile, the federal government quietly dropped more counter-tariffs on US\u00a0goods than first announced. An <a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/canadian-government-scraps-more-us-counter-tariffs-than-promised-raising-industry-questions\/551175\" rel=\"nofollow noopener\" target=\"_blank\">online order-in-council<\/a> showed that, last month, all Canadian retaliatory tariffs were removed except those on steel, aluminum, and autos.<\/p>\n","protected":false},"excerpt":{"rendered":"Real GDP fell 1.6%\u00a0on an annualized basis in the second quarter, based on data from Statistics Canada. Similarly,&hellip;\n","protected":false},"author":2,"featured_media":178472,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,66514,44,3608],"class_list":["post-178471","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-deloitte","tag-news","tag-recession"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/178471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=178471"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/178471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/178472"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=178471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=178471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=178471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}