So does that mean a recession is inevitable? A Royal Bank of Canada report on Sunday compared the trade shocks from Trump’s tariffs to the ones caused by the Smoot-Hawley tariffs of the 1930s.

"I think the most likely scenario, with what I think are the most likely policies being passed, are strong, and then a slowdown into recession the second half of his term," Rogoff said.

In the Bank of Canada’s consumer survey out yesterday, almost half of Canadians expect a recession in the coming year and 58 per cent are uncertain about where the economy is heading. The sources of ...

A new report by BMO says 63 per cent of Canadians surveyed expressed concerns about the potential for a recession in the next 12 months. The worries come as tariff threats loom over Canadian ...

As tariff threats loom, a new Bank of Montreal (BMO) survey finds 63 per cent of Canadians expressed concerns about the potential for a recession in the next 12 months. The online poll also found 48 ...

The UK may already be in recession as Rachel Reeves’s record tax raid brings “extended agony” for the economy, an investment bank has warned. National GDP may be shrinking after a swathe of ...