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Deloitte Cuts Canada 2027 GDP Forecast by 20%

By Drooid · Sep 29, 2026, 8:03 PM UTC · How we work

Summary

Story summary

Deloitte cut its 2027 Canadian GDP growth forecast by 20% to 1.6%.
The United States enacted an import ban on Canadian alcohol, dairy products and motorcycles on Tuesday.
The United States imposed 50% tariffs on hundreds of Canadian goods under Section 338 on Aug. 22.
Canada launched reciprocal dollar-for-dollar counter-tariffs on Sept. 8.
Stelco laid off 350 workers as manufacturing job losses continued, according to the union.

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Story summary

Deloitte cut its 2027 Canadian GDP growth forecast by 20% to 1.6%.
The United States enacted an import ban on Canadian alcohol, dairy products and motorcycles on Tuesday.
The United States imposed 50% tariffs on hundreds of Canadian goods under Section 338 on Aug. 22.
Canada launched reciprocal dollar-for-dollar counter-tariffs on Sept. 8.
Stelco laid off 350 workers as manufacturing job losses continued, according to the union.