Canada's economy is suffering from the uncertainty caused by fluctuating US tariffs on Canadian goods. Businesses, particularly small ones, are struggling to plan due to unpredictable changes. While the US and Canada are in talks for a new trade deal, recent pronouncements from President Trump have further unsettled the business environment. Canadian businesses across sectors, including manufacturing and services, are experiencing decreased revenue and diminished confidence. Ottawa has offered some relief to affected companies, but the service sector remains largely uncompensated.

Prepared by Christopher Adams and reviewed by editorial team.