Deloitte Lowers Canada’s 2027 Growth Forecast, Citing Renewed US Trade Tensions
Despite stronger-than-expected economic growth this year, Canada’s trade dispute with the United States and elevated energy prices are expected to significantly hamper growth in the year ahead, according to a recent report from Deloitte Canada. The professional services firm raised its fall 2026 forecast for Canadian economic growth from 0.7 percent to 0.9 percent following …
TL;DR
- Deloitte Canada raised its 2026 economic growth forecast from 0.7% to 0.9%.
- The 2027 growth projection was lowered from 2% to 1.6%.
- Trade dispute with the United States and elevated energy prices are key factors for reduced growth.
- The effects of U.S. tariffs and Canadian counter-tariffs are expected to impact growth significantly in 2027.
- Growth is forecast to slow sharply in late 2026 and early 2027.