How much the Canadian economy will contract through summer

How much the Canadian economy will contract through summer

The Canadian economy is expected to shrink for a second and third consecutive quarter in 2025, according to new data from the Canadian Federation of Independent Business (CFIB). The organization’s latest Main Street Quarterly report, produced in partnership with AppEco, estimates that the economy declined by 0.8 per cent in Q2 and forecasts a further 0.8 per cent contraction in Q3. Inflation cooled to 1.8 per cent in the second quarter and is pr…