CFIB Economic Forecast Predicts Significant Contraction in Second Quarter

CFIB Economic Forecast Predicts Significant Contraction in Second Quarter
The Canadian flag is seen flying behind the National Archives building in Ottawa on Feb 14, 2025. The Canadian Press/Adrian Wyld
The Canadian Press
Updated:
0:00

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.

The report estimates the Canadian economy grew at an annualized rate of 0.8 percent in the first quarter of the year.