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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.
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Winnipeg Free PressWinnipeg Free Press
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CFIB economic forecast predicts significant contraction in second quarter

Breaking News, Sports, Manitoba, Canada

·Winnipeg, Canada
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hortidaily.com broke the news in on Wednesday, April 23, 2025.
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