Canada's economy showed surprising resilience and beat expectations with strong 3.3% growth in the second quarter, but that was before punishing new 50 per cent U.S. tariffs kicked in. Growth is expected to continue but at a much lower rate.
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Canadian officials say they targeted specific states and industries with retaliatory tariffs — such as those on food products, beverages and appliances — to apply political pressure on U.S. officials.
