Canada Evening Wrap: Tariff Fears, Defence Deals, and Climate Suits

Bank of Canada Governor Tiff Macklem warned that the persistent trade war with the U.S. and conflict in the Middle East could "unravel the recent rebound" in Canada's economy. Non-energy exports rose at an annualized rate of 14.5% in Q2 2026 — the highest since early 2025 — but Macklem cautioned that new tariffs could slash fourth-quarter growth in half.

Small Businesses Hit the Brakes Amid Economic Pessimism

A new CFIB survey...