The Canadian government has stated that it does not expect real GDP to recover to pre-US tariff levels. Real GDP growth is projected at 1.1% in 2026 (up from 1.2% in November of last year), 1.9% in 2027 (up from 2.0% in November of last year), 1.9% in 2028 (up from 1.9% in November of last year), and 1.9% in 2029 (up from 2.0% in November of last year).
