Story perspectives

U.S. Trade War Hits Sentiment; Canada Prepares for Impact

8/19/2025

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Summary

Story summary

The trade war is impacting global economies, with U.S. consumer sentiment at its lowest since the Great Recession, raising concerns for Canada.
A survey indicates 60% of U.S. consumers anticipate worsening unemployment, affecting their spending.
Canada’s unemployment rate is stable at 6.9%, supported by fiscal stimulus and interest rate cuts.
Prime Minister Mark Carney is negotiating a new trade deal with the U.S. and plans to release a supportive budget.

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Story summary

The trade war is impacting global economies, with U.S. consumer sentiment at its lowest since the Great Recession, raising concerns for Canada.
A survey indicates 60% of U.S. consumers anticipate worsening unemployment, affecting their spending.
Canada’s unemployment rate is stable at 6.9%, supported by fiscal stimulus and interest rate cuts.
Prime Minister Mark Carney is negotiating a new trade deal with the U.S. and plans to release a supportive budget.