[Canada] Share of employers planning for recession rises

In Canada, new research has revealed that the share of employers planning for a recession by tightening their budgets or pausing investments has increased from 28 per cent to 33 per cent, HR Reporter reports.

The stats were taken from the latest Business Outlook Survey from the Bank of Canada.  It said, “This share remains above the low levels seen in 2024, likely reflecting ongoing concerns about the impacts of trade tensions.” 

However, business sentiment was reportedly found to show a gradual recovery from recent lows, with an increased number of employers reporting positive sentiment this quarter.

“Uncertainty surrounding financial, economic and political conditions remains the most pressing concern for firms, but fewer cited it this quarter than in previous quarters,” the Bank of Canada said.

“Cost pressures, slowing demand, and taxes and regulations (including duties and tariffs on international trade) also continue to weigh on firms. Businesses often link their uncertainty to domestic economic growth, costs and international trade; underscoring that the trade conflict and its spillover effects are still top of mind.”

Source: HR Reporter

(Quotes via original reporting)

In Canada, new research has revealed that the share of employers planning for a recession by tightening their budgets or pausing investments has increased from 28 per cent to 33 per cent, HR Reporter reports.

The stats were taken from the latest Business Outlook Survey from the Bank of Canada.  It said, “This share remains above the low levels seen in 2024, likely reflecting ongoing concerns about the impacts of trade tensions.” 

However, business sentiment was reportedly found to show a gradual recovery from recent lows, with an increased number of employers reporting positive sentiment this quarter.

“Uncertainty surrounding financial, economic and political conditions remains the most pressing concern for firms, but fewer cited it this quarter than in previous quarters,” the Bank of Canada said.

“Cost pressures, slowing demand, and taxes and regulations (including duties and tariffs on international trade) also continue to weigh on firms. Businesses often link their uncertainty to domestic economic growth, costs and international trade; underscoring that the trade conflict and its spillover effects are still top of mind.”

Source: HR Reporter

(Quotes via original reporting)