Ontario May Avoid Recession Amid Trump’s Tariffs

Ontario’s Financial Accountability Office (FAO) reports that the province may avoid a recession this year despite economic struggles due to the U.S. trade war, which has impacted manufacturing jobs and led to a GDP decline of 0.6% in Q2. The manufacturing sector has lost over 20,600 jobs, with youth unemployment reaching a record high. Finance Minister Peter Bethlenfalvy dismissed the report as outdated, while opposition leaders criticized the government’s handling of the economic situation. The FAO projects modest growth ahead, but many Ontarians still face job market challenges.

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