David Rosenberg’s February 2026 report, highlighting Canada’s economy contracting in two of the last three quarters, with Q4 GDP projected to fall 0.5% annualized amid U.S. tariff impacts on manufacturing and a two-year per-capita GDP decline.
The analysis aligns with Rosenberg Research data and CTV News coverage, though it challenges the strict two-consecutive-quarters recession definition; Bank of Canada rates at 2.25% face mounting pressure for cuts despite 275 basis points already reduced since 2024, yielding only 1% annual growth.
Replies show mixed reactions, including skepticism on growth data and political blame (Trump’s fault), underscoring broader concerns like housing stagnation and U.S. trade tensions that could extend Canada’s output gap through 2027.
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