Oh, Canada

Northern Trust’s latest Weekly Economic Commentary provides a timely analysis of Canada’s economic challenges amidst shifting trade dynamics, softening sentiment indicators, and geopolitical uncertainty.

• Tensions with the U.S., including new tariffs and compliance frictions under USMCA, have raised trade costs and strained political relations.  
• Domestic reform, Arctic sovereignty, and a “Buy Canadian” movement offer strategic long-term growth opportunities.  
• Weak consumer confidence and business sentiment suggest rising recession risk, even as hard data remains stable.  

Access the full report and explore the implications for North American and global markets.