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Placeline/People

State Province Ontario

Country Canada

Newsroom Ready: RBC economist says GDP details better than headline numbers suggest

Nathan Janzen, assistant chief economist at RBC, says U.S. tariffs weighed heavily on trade-exposed sectors like manufacturing in the second quarter. But despite the economy shrinking last quarter, he says weakness is being contained in those tariff-hit industries so far and he doesn't expect Canada to hit a recession. (Aug. 29, 2025)

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Unique identifier: CP174925323

Legacy Identifier: r_StatCan-GDP20250829T1405

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Create Date: 8/29/2025 2:05:00 PM

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