Canadians expect the economy to weaken this year. The wild card could prove them right
Despite widespread Canadian pessimism about economic prospects, the coming year is expected to bring moderate recovery. While 60% of Canadians predict economic weakening due to rising living costs and potential U.S. tariffs, forecasts suggest Canada’s economy will strengthen, outpacing many G7 countries. Key to this recovery is anticipated interest rate cuts by the Bank of Canada, which could drop to as low as 2%, boosting sectors like construction and consumer spending. Trade tensions with the U.S. remain a risk, but a weaker Canadian dollar and strong foreign direct investment provide some resilience. Overall, economic indicators point to a healthier Canadian economy in 2025 than many currently expect.
Read the full article featuring insights from Monex Canada on The Star.
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