Trade clarity to help Canada’s economy rebound after modest recession, Deloitte forecasts

Some economists are putting an increasingly optimistic slant on Canada’s tariff dispute with the United States, arguing the economy should be able to avoid “worst-case” scenarios from the trade war.That doesn’t mean the Canadian economy gets off scot-free – a new forecast published by Deloitte Canada on Wednesday calls for a modest recession to hit in the second and third quarters of the year as uncertainty and weakness caused by tariffs start to bite.