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Canada’s Economy Stumbles: October GDP Sees Sharpest Decline Since 2022

Canada’s economy hit a setback in October 2025, with real GDP contracting by 0.3% , the largest monthly drop in nearly three years. The decline erased September’s modest 0.2% growth and underscored the fragility of the country’s recovery amid global and domestic challenges. Key Drivers of the Contraction Manufacturing slump: Output fell 1.5% , reversing September’s gains. Durable goods manufacturing, particularly machinery and wood products, saw steep declines, with lumber production dropping 7.3% following new U.S. tariffs. Goods-producing industries: Overall, these sectors contracted 0.7% , led by manufacturing and mining. Services-producing industries: Activity slipped 0.2% , weighed down by labor stoppages in key service areas. Broad impact: 11 of 20 industrial sectors reported declines, highlighting widespread weakness across the economy. Broader Context Despite the October setback, Canada’s GDP was still up 0.4% year-over-year , reflecting modest growth compared t...
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China's Bold Counterstrike in Escalating Trade War

China has intensified the global trade war by imposing sweeping tariffs of 34% on all U.S. goods, marking a significant escalation in its economic standoff with the United States. This move comes in response to President Donald Trump's recent "Liberation Day" tariffs, which raised U.S. tariff barriers to unprecedented levels. Beijing's retaliatory measures also include export controls on rare earth materials and the addition of several entities to its "unreliable entity" list.

The repercussions of this trade war are reverberating across global markets, with fears of a recession looming large. Major stock indices have suffered sharp declines, and investment banks are warning of a potential contraction in global trade volumes. As tensions rise, the World Trade Organization has been drawn into the fray, with China filing a lawsuit against the U.S. over its tariff policies.

This escalating conflict underscores the fragility of international trade relations and raises questions about the long-term impact on the global economy. Will cooler heads prevail, or is this just the beginning of a prolonged economic battle? Only time will tell.

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