Macro - Country Economic Forecasts - Canada

Macro - Country Economic Forecasts - Canada



Growth in Q1 was likely only slightly negative, but we now expect the Canadian economy will contract moderately from Q1 to Q3 this year, one quarter longer than our forecast last month. This reflects a more prolonged impact from mortgage renewals on consumers, weaker new home building, modest advances in business investment, and a sharper slowdown in the rate of inventory building. We maintain our forecasts of a 0.3% GDP contraction for this year and a muted rebound to 2% growth for 2025.


Canada: a modest but more prolonged downturn Still seems likely
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk Evaluation
risk warnings
What to watch out for
Exposure to Key global risks
Long-term prospects
Background
Economic development
Structure of The economy
Balance of payments and Structure of trade
Policy
Politics

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