Canada on a brink of economic recession

New Delhi – Maldives’ economy began sliding down after it took an anti-India stance. After Maldives, now Canada, which took anti-India stance, is on a brink of economic recession. The number of establishments declaring bankruptcy in Canada is increasing rapidly. In January alone, 800 establishments filed for bankruptcy.

The country’s economy is strong, but smaller companies and other consumers are struggling, the Canadian Government has claimed.

Canada’s gross domestic product (GDP) shrunk by 1.1% in the previous quarter. If there is a decline for two consecutive quarters, it is called a recession. This has created a crisis for Canada, with 800 establishments filing for bankruptcy in January.

Strong critic of India, #Canada, is on the verge of an #economicrecession

Canadian PM Justin Trudeau had accused India of involvement in the killing of #Khalistaniterrorist Hardeep Singh Nijjar.

After that there was strained relationship between the countries #Maldives… pic.twitter.com/mmmBmodkmx

— Sanatan Prabhat (@SanatanPrabhat) March 20, 2024

Canadian Prime Minister Justin Trudeau had accused India of involvement in the killing of Khalistani terrorist Hardeep Singh Nijjar. Following that there was tension between both the countries.