Key facts
- Canada's economy grew at a 3.3% annualized rate in the second quarter.
- Exports saw a significant jump, contributing to the growth.
- Domestic demand also showed solid performance.
- New U.S. tariffs pose a significant uncertainty to the economic outlook.
Canada's economy demonstrated a strong recovery in the second quarter, expanding at an annualized rate of 3.3%. This rebound was primarily propelled by a notable surge in exports, complemented by resilient domestic demand. However, the economic outlook faces considerable uncertainty due to the imposition of a new round of U.S. tariffs.