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CFIB Forecasts Recession In Canada As Business Confidence Remains 'persistently Low' - Canadian Manufacturing
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CFIB Forecasts Recession In Canada As Business Confidence Remains 'persistently Low' - Canadian Manufacturing
The Canadian Federation of Independent Business is forecasting a recession in Canada this year. A new report from CFIB, released on Jul. 24, 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. Pr…
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