Canada’s factory freefall worst manufacturing crash in years as US tariffs slam industry

Wait 5 sec.

Canadian manufacturing faced a significant downturn in April 2025, with sales plummeting 2.8% due to U.S. tariffs, particularly impacting steel, aluminum, and auto industries. This decline resulted in a record trade deficit and a contraction in factory orders, signaling a potentially challenging second quarter. The government is responding with negotiations and targeted relief measures to mitigate the economic impact.