Ontario’s Financial Accountability Office (FAO) is predicting a “modest recession” for the province this year if U.S. tariffs remains in place.

U.S. tariffs and retaliatory moves by Canada could push Ontario into a recession this year, says province's Financial Accountability Office.{ai:summary}Ontario's Financial Accountability Office forecasts a modest recession for the province this year, contingent on the continuation of U.S. tariffs. The economic outlook suggests potential challenges ahead if trade barriers persist. #economy

What is a 'modest recession' and why might Ontario be facing one?

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