U.S. tariffs will flatline Canadian GDP growth in second quarter, says PBO

By John Schofield ( June 19, 2025, 3:54 PM EDT) -- The federal Parliamentary Budget Officer (PBO) Yves Giroux is predicting that Canada’s real GDP growth will be flat for the April-to-June quarter (Q2) of 2025, as the effects of pre-tariff stockpiling unwind and new U.S. trade measures begin to weigh on Canadian exports....