CFIB economic forecast predicts significant contraction in second quarter
- The Canadian Federation of Independent Business predicts a significant contraction in the economy for the second quarter, estimating a drop at an annualized rate of 5.6 percent.
- The CFIB reported muted growth of 0.8 percent in the first quarter of the year.
- Simon Gaudreault, CFIB chief economist, stated that a trade war will likely raise business costs and inflation.
- According to the report, business owners find it difficult to plan for expansions or investments due to uncertainty about their businesses' future.
21 Articles
21 Articles
CFIB Economic Forecast Predicts Significant Contraction in Second Quarter
A forecast from the Canadian Federation of Independent Business estimates the economy saw muted growth in the first three months of the year and predicts a significant contraction for the second quarter.

CFIB economic forecast predicts significant contraction in second quarter
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Canadian economy to contract in Q2 2025 as tariffs weigh on small businesses - CanadianSME Small Business Magazine
The Canadian economy is estimated to see muted growth in Q1 2025 and expected to see significant contraction in the second quarter of the year, finds the latest Main Street Quarterly report by the Canadian Federation of Independent Business (CFIB). Key highlights of the Q1 2025 edition of the Main Street Quarterly report CFIB’s estimates and forecasts in partnership with AppEco suggest the Canadian economy grew by 0.8% in Q1 but is expected to …
What is stagflation? A closer look at the economic double kiss of death - National #Canada #Economy #CanadaLife
Trade war fears loom large over Canadians and uncertainty continues over U.S. President Donald Trump’s tariffs, which threaten to upend global trading systems. While inflation in Canada cooled slightly in March, fears of a recession remain. A report by the Canadian Federation of Independent Business released on Thursday (CFIB) forecast “muted growth” for the Canadian economy in the first quarter of 2025 and a “significant contraction” in the sec…
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