US Edition
CFIB Foresees Recession in Canada, with Economic Contractions in Q2 and Q3
ONTARIO, CANADA, JUL 24 – The Canadian Federation of Independent Business forecasts a 0.8% contraction in Q2 and Q3 2025 driven by low business confidence and supply chain disruptions, with private investment dropping sharply.
- On July 24, 2025, the Canadian Federation of Independent Business reported a 0.8% Q2 decline and a further contraction in Q3, signalling heightened recession risk.
- Amid ongoing trade tensions, a CFIB analysis on tariffs found that most businesses expect long-term supply disruptions, and the 'one step forward, one step back' trade situation is driving low business confidence, leading to cautious outlook.
- Statistics Canada reported a strong 83,000 jobs gain in June, underscoring mixed economic signals.
- Private investment is forecast to fall by 13.0% in the second quarter, while businesses are adjusting pricing strategies amid supply chain disruptions and rising input costs.
- This coming week, policymakers may hold rates on July 30, while stable inflation from CFIB sets up possible easing in the second half of 2025.
20 Articles
20 Articles
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CFIB Foresees Recession in Canada, With Economic Contractions in Q2 and Q3
The Canadian Federation of Independent Business is forecasting a recession in Canada this year. A new report from CFIB shows it’s forecasting that growth declined 0.8 percent in the second quarter and will contract by a further 0.8 percent in the third quarter. The group says an analysis of the impact of tariffs on supply chains highlights that most firms are anticipating long-term disruptions. CFIB chief economist Simon Gaudreault says the unce…
Canadian companies are likely to continue to reduce their investments in the coming months due to economic uncertainty, says the Chief Economist of the Canadian Federation of Independent Enterprises (CFIE).
Winnipeg Free Press
CFIB foresees recession in Canada, with economic contractions in Q2 and Q3
Breaking News, Sports, Manitoba, Canada
The Canadian Federation of Independent Business (CFIB) predicts that the Canadian economy will fall into recession in 2025. The report released by the federation in cooperation with economic consulting agency AppEco shows that the economy is expected to shrink by 0.8% in the second quarter of this year and will further decline by 0.8% in the third quarter.
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Bias Distribution
- 60% of the sources lean Left
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