Canada’s per capita economy soars as Australia’s stalls
Since U.S. President Donald Trump first unleashed his various tariffs on the Canadian economy, its economic performance has been on a rollercoaster ride. Before the tariffs and the uncertainty they created about Canada’s economic future, the broader Canadian economy was performing relatively well, especially for a nation that had just sharply reduced its migration intake. The post Canada’s per…
Canada's economy has experienced a rollercoaster ride since US President Donald Trump's tariffs were imposed. Before the tariffs, Canada's economy was performing relatively well.
In contrast, Australia's economy has seen modest growth of 2.1 per cent in the year to the end of June, according to ABC News AU. Despite this, economists have strengthened their predictions of another interest rate rise.
Australians are under cost-of-living pressure, with real wages having fallen by more than 5 per cent over five years from 2021, ABC News AU reports. The housing market is also disoriented after budget tax changes.
Brief written by urgent.news from MacroBusiness, ABC News AU — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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