Prime Minister Mark Carney warned that pivoting our economy away from the U.S. would come at a cost to Canadians and the latest numbers show that’s true.

An Organization for Economic Co-operation and Development (OECD) report released last week downgraded Canada’s expected economic growth by 25% for this year and by almost the same amount in 2027 – 23.53% – compared to its last report in June.

GOLDSTEIN: OECD downgrades Canada’s economic growth as Carney moves away from U.S. Back to video

The OECD – representing the world’s 38 major industrialized market economies, including Canada and the U.S. – predicts Canada’s economy will grow by just 0.9% in 2026, down from its June prediction of 1.2%, and by 1.3% in 2027, down from 1.7% in June.

By comparison, it predicts the U.S. economy will grow by 2.2%, or more than double Canada’s 0.9% rate in 2026, and by 2.1%, or 61.5% higher than Canada’s 1.3% rate, in 2027.

In both cases, the OECD’s September numbers increase the predicted growth rate of the U.S. economy compared to June, up by 0.2 percentage points in 2026 and 0.3 percentage points in 2027, compared to declines of 0.3 percentage points........

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