CFIB Foresees Recession in Canada, With Economic Contractions in Q2 and Q3

A worker welds steel in Burnaby, B.C., on March 29, 2018. The Canadian Press/Darryl Dyck

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.