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Constructors apprehensive as Canada slides into recession: Oxford Economics

Daily Commercial News July 31, 2025 1 min read
Construct Connect Canada
Constructors apprehensive as Canada slides into recession: Oxford Economics
AI Article Summary

Oxford Economics analysts assert that Canada is currently in a recession, largely attributed to the ongoing trade war with the United States. The consequence has been a significant decline in exports and a halt in capital expenditures, particularly impacting the construction sector. This economic downturn has led to apprehension among constructors as new projects and spending are being postponed.