Canadian stock futures little changed after 3.3% second-quarter GDP growth

Futures tracking Canadian stocks were little changed Friday after data showed Canada’s economy grew at an annualized 3.3% rate in the second quarter, below the 3.4% forecast. The result added to concerns that escalating trade tensions with the US could derail the recovery. Canada’s ambassador to Washington, Mark Wiseman, said Ottawa could not accept a trade deal that failed to preserve a robust Canadian auto assembly and parts industry. US President Trump has threatened to raise tariffs on all Canadian cars, trucks and automotive parts to 50% from January 1st, 2027. The US also imposed 50% tariffs on selected Canadian goods, while Canada responded with duties on about $20 billion of annual US imports.

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