The Canadian Federation of Independent Businesses, which lobbies for small companies across Canada, foresees a 5.6 per cent contraction of GDP by expenditure in the second quarter of 2025. The economy grew a mere 0.8 per cent in the first quarter, the CFIB wrote Thursday in a report based on data through a partnership with consulting firm AppEco. (The Logic)
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The Canadian Federation of Independent Businesses, which lobbies for small companies across Canada, foresees a 5.6 per cent contraction of GDP by expenditure in the second quarter of 2025. The economy grew a mere 0.8 per cent in the first quarter, the CFIB wrote Thursday in a report based on data through a partnership with consulting firm AppEco. (The Logic)
Talking point: The expected decline “comes from a historically low long-term business sentiment in the context of the raging trade war,” the CFIB wrote. Retail sales increased 5.1 per cent in the first quarter of 2025, but the sector is expected to contract 2.3 per cent in the second quarter of 2025. Low business sentiment is pushing down private investment, causing it to drop 13.9 per cent in the first quarter of 2025, with further contraction of 19.1 per cent forecast for the second quarter.
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