Source Feed: The Globe and Mail
Author: Daniel Johnson
Publication Date: July 24, 2025 - 14:56
CFIB forecasts recession as business confidence remains ‘persistently low’
July 24, 2025
The Canadian Federation of Independent Business is forecasting a recession in Canada this year.
A new report from CFIB, released Thursday, shows it’s forecasting that growth declined 0.8 per cent in the second quarter and will contract by a further 0.8 per cent in the third quarter. The report said the contraction is reflective of “persistently low business confidence” stemming from trade tensions and weakness in the manufacturing industry.
Unpublished Newswire
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