George Georgopoulos, associate professor of in the Department of Economics, was quoted in a recent article in CTV News about the possibility that Canada may be entering a recession.
Many experts believe that Canada was already entering an economic slowdown, which increased after tariffs were imposed by U.S. President Donald Trump. Elevated prices due to tariffs has increased uncertainty while slowing investments and economic activities.
Georgopoulos predicts that while GDP growth may slow in Canada, it is unlikely to be long lasting, and that there is still hope for healthy discussions regarding tariff rates.
Read the full article on the CTV News website.