Ian Lee warns prolonged Canada-US tariff clash could trigger recession
Economist Ian Lee cautions that the escalating Canada-U.S. trade dispute may push the Canadian economy into recession and spark capital outflows.
Ian Lee, a business professor at Carleton University, said that the recent round of Canadian counter-tariffs and expanded U.S. duties heighten the risk of a deeper economic downturn. He said the lack of a clear government strategy could prolong the conflict, increasing the chance of recession. Lee also highlighted the potential for investors to pull money out of Canada if the trade war continues unchecked.
Why it matters
The trade war threatens Canada’s growth and could cause investors to withdraw, affecting jobs and prices.
In this story
Canada US trade wartariffsrecession riskcapital flighteconomic realitiesIan Leecounter tariffs
