Canadian Economy Faces Risks as US Slowdown Looms
- Canada's economy is at risk of deepening downturn as US growth expected to slow
- Further weakness could lead Bank of Canada to shift to interest rate cuts sooner
- Canada heavily relies on US trade, so slower US growth will hit Canadian exports
- Analysts forecast Canada's economy could shrink in Q4 as US growth forecasts cut to 2%
- High household debt levels leave Canadians vulnerable as rates rise to cool inflation