A forecast from the Canadian Federation of Independent Business (CFIB) 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 per cent in the first quarter of the year. However, it forecasts the economy will contract at an annualized rate of 5.6 per cent in the second quarter. Anne Gaviola has this story and more in Business Matters for Thursday April 24, 2025.
Economy
Business Matters: CFIB economic forecast predicts significant contraction in second quarter
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