Canada GDP Shrinks, Scotiabank Expands

Canada’s economy is showing signs of strain, with reports indicating a contraction in GDP that met the technical definition of a recession in one period while highlighting domestic resilience in another, largely due to the impact of U.S. tariffs [1, 2]. Amid these economic fluctuations, Bank of Nova Scotia has moved to expand its operations in the United States through a major acquisition [1]. Additionally, Costco Wholesale Corp. announced plans to pass potential tariff savings directly to consumers [1].

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