The Conference Board of Canada is forecasting the domestic economy will grow 1.5 percent in 2025 as the potential for U.S. tariffs on Canadian exports and a pullback in immigration weigh on growth.
Cory Renner, associate director of economic forecasting at the Conference Board, says while declining interest rates have alleviated some pressure, uncertainty surrounding trade and the impact of weaker population growth are dragging on growth prospects for 2025.
