Analysts have upgraded their projections for Canada’s economic growth in 2025 as concerns over a prolonged trade conflict with the United States diminish. According to economists surveyed via the Bloomberg Terminal, the Canadian economy is now expected to expand at an annual rate of 1.4% in 2025, up from the previous estimate of 1.2% made last month. At this pace, Canada would rank second among Group of Seven nations in terms of economic growth, trailing only the U.S.
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Economists Raise Growth Outlook for Canada as Tariff Threats Ease
Analysts boosted their forecasts for economic growth in Canada this year as fears of a drawn-out trade dispute with the US fade.
Economists surveyedBloomberg Terminal by Bloomberg say output will rise at a 1.4% annual pace in 2025, up from 1.2% expected last month. At that rate, Canada’s economy would trail only the US among Group of Seven countries.