Conference Board of Canada sees 1.5% growth this year amid tariff uncertainty
The pace of growth is forecast to increase to 1.9% in 2026
OTTAWA — The Conference Board of Canada is forecasting the domestic economy will grow 1.5 per cent in 2025 as the potential for U.S. tariffs on Canadian exports and a pullback in immigration weigh on growth.
tap here to see other videos from our team.
Conference Board of Canada sees 1.5% growth this year amid tariff uncertainty Back to video
tap here to see other videos from our team.
Cory Renner, associate director of economic forecasting at the Conference Board, says while declining interest rates have alleviated some pressure, uncertainty surrounding trade and the impact of weaker population growth are dragging on growth prospects for 2025.
The pace of growth is forecast to increase to 1.9 per cent in 2026.
The report says a weaker Canadian dollar and strong demand from the U.S. should be positive for exporters, but the threat of tariffs makes the outlook for trade highly uncertain.
It also says a slowdown in population growth will impact Canada’s labour market.
U.S. President Donald Trump is threatening to impose 25 per cent tariffs on imports from Canada and Mexico.
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
