U.S. trade relationship biggest threat to economy in 2026: BMO
S&P/TSX composite was down more than 780 points on Thursday
Mounting layoff announcements, sluggish labour market reports have left Americans increasingly pessimistic about the economy
Shopify Inc. was the largest drag on Canada's benchmark index
Debt held by the public is projected to rise from 101% of GDP to 120% — exceeding historical highs
Report also contains revised numbers for 2025, cutting job creations by more than half
Disappointing U.S. retail sales raise bets for more rate cuts
Economists had expected a 0.4% increase
Trade deficit remains unchanged amid shifting tariff policy, Fitch reports
Employers have added just 28,000 jobs a month since March