Front Burner

What is the toll of the tariffs?

Tariffs, global instability and uncertainty – how has Canada’s economy been holding up, and what’s it going to take to turn things around?
Two men in blue jumpsuits, with reflective safety stripes, operate a large machine.
Employees work on the production line at the Martinrea auto parts manufacturing plant in Woodbridge, Ont., on Feb. 3, 2025. (Chris Young/The Canadian Press)

In February, under the threat of the U.S. President's tariffs, economists were bracing for the worst. But after months of volatility, ever-changing tariffs and exemptions, the country's economy is faring better than expected.

That's not to say we've escaped the trade war unscathed. Manufacturing sales are down and unemployment is up, and regions dependent on steel, aluminum and auto exports are feeling the pain. So, what does this all mean for the average Canadian? How likely is a recession? What will it take for things to get better? 

CBC's senior business reporter, Peter Armstrong, joins the show today to talk about how our economy has been holding up and where things could be headed.

For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts

Transcripts of each episode will be made available by the next workday.

Listen on Google Podcasts

Listen on Apple Podcasts

Listen on Spotify