Recent analysis from the Business Development Bank of Canada (BDC) highlights the potential economic ramifications of an ongoing trade war, projecting a loss of up to 185,000 jobs in Canada. This assessment suggests that the conflict could negatively impact numerous sectors within the Canadian economy. Furthermore, the BDC estimates that, on average, businesses could see a reduction in their profits by approximately 9% due to the trade tensions. These developments are prompting discussions among policymakers and industry leaders regarding measures to mitigate the impact on employment and corporate health.
Analyzed Canadian Outlets (1)
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