‘Sluggish’ Canadian Economy Foreseen Through First Quarter: Business Economist

‘Sluggish’ Canadian Economy Foreseen Through First Quarter: Business Economist
A truck moves past stacked shipping containers at the Port of Montreal in Montreal, Quebec, on May 17, 2021. Christinne Muschi/Reuters
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The Canadian economy is poised to remain sluggish in the first quarter of 2024, following a period of stagnation in the last quarter of 2023, according to the latest edition of the Main Street Quarterly report released by the Canadian Federation of Independent Business (CFIB).

“A real recovery for the small business sector should arrive much later given the enduring poor business environment,” wrote CFIB’s Chief Economist Simon Gaudreault in a Jan. 23 forecast.

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