Image source, AFP via Getty ImagesByJessica MurphyCanada digital editorPublished27 June 2026 Prime Minister Mark Carney has promised to reboot Canada's economy, building it into the "strongest in the G7". He has spent weeks travelling overseas in the last year seeking to drum up business interest in Canada as an investment destination. But there is no doubt the country's economy is struggling, and from tariffs on certain industries to younger Canadians struggling to find work or buy a home, some Canadians are feeling the pain more than others. Five charts help illustrate the state of Canada's economy – and how it's performing compared to other wealthy nations. Economic growth in Canada this year is forecast to be 1.6%, according to the International Monetary Fund (IMF). That's behind the US but ahead of European G7 partners. As the country's economy recovers from the slowdown triggered by US tariffs, the Organisation of Economic Co-operation and Development (OECD), an influential global policy group, projects a modest improvement in gross domestic product (GDP) – growth of 1.7% – in 2027.
Published: June 26, 2026 11:04 pm
Source: BBC — Read original