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flag Deloitte warns of a 3% GDP drop by 2030 for Canada due to tariffs and lost U.S. free trade.

flag Deloitte warns that the impact of tariffs on Canada's economy and jobs is intensifying as the short-term benefits from front-loaded business activities fade. flag The uncertainty from trade policies is causing a significant drop in investments and rising unemployment. flag Deloitte predicts a modest economic downturn, with Canada's real GDP potentially reducing by around 3% by 2030 if free trade with the U.S. is lost. flag In the near term, Canada's GDP is expected to shrink by 1.1% in the second quarter and an additional 0.9% in the third quarter, with unemployment peaking at 7.5% before declining in the following year.

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