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Toronto Sun
7 days ago
- Business
- Toronto Sun
Conference Board report forecasts 1.5% GDP growth for this year
Published Jul 07, 2025 • 1 minute read The Port of Saint John in St. John, New Brunswick, on Tuesday, May 6, 2025. Photo by Graham Hughes / Bloomberg OTTAWA — The Conference Board of Canada is forecasting the economy will grow by 1.5 per cent this year as uncertainty surrounding U.S. trade policies continues to weigh on business and consumer confidence. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES 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. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. 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 Don't have an account? Create Account Cory Renner, associate director of economic forecasting at the Conference Board, says the economy outperformed expectations in the first quarter, but the momentum is quickly fading. The report notes the housing market remains under intense pressure, while the trade sector is also in for a rough ride. Renner says trade disputes are casting shadows over multiple sectors of the economy and are expected to dampen growth throughout the remainder of the year. While Canadian exporters have turned to new markets with some success, the gains have been insufficient to offset the decline in exports to the U.S., the report says. It also says business investment is expected to suffer, with concerns over the Canada-U.S. trade relationship keeping spending subdued. Read More Sunshine Girls Editorial Cartoons World Toronto Raptors Canada
Hamilton Spectator
7 days ago
- Business
- Hamilton Spectator
Conference Board report forecasts 1.5 per cent GDP growth for this year
OTTAWA - The Conference Board of Canada is forecasting the economy will grow by 1.5 per cent this year as uncertainty surrounding U.S. trade policies continues to weigh on business and consumer confidence Cory Renner, associate director of economic forecasting at the Conference Board, says the economy outperformed expectations in the first quarter, but the momentum is quickly fading. The report notes the housing market remains under intense pressure, while the trade sector is also in for a rough ride. Renner says trade disputes are casting shadows over multiple sectors of the economy and are expected to dampen growth throughout the remainder of the year. While Canadian exporters have turned to new markets with some success, the gains have been insufficient to offset the decline in exports to the U.S., the report says. It also says business investment is expected to suffer, with concerns over the Canada-U.S. trade relationship keeping spending subdued. This report by The Canadian Press was first published July 7, 2025.
CTV News
7 days ago
- Business
- CTV News
Conference Board report forecasts 1.5 per cent GDP growth for this year
Construction workers work at the site of a condo tower under construction, in Delta, B.C., on Wednesday, July 2, 2025. THE CANADIAN PRESS/Darryl Dyck OTTAWA — The Conference Board of Canada is forecasting the economy will grow by 1.5 per cent this year as uncertainty surrounding U.S. trade policies continues to weigh on business and consumer confidence Cory Renner, associate director of economic forecasting at the Conference Board, says the economy outperformed expectations in the first quarter, but the momentum is quickly fading. The report notes the housing market remains under intense pressure, while the trade sector is also in for a rough ride. Renner says trade disputes are casting shadows over multiple sectors of the economy and are expected to dampen growth throughout the remainder of the year. While Canadian exporters have turned to new markets with some success, the gains have been insufficient to offset the decline in exports to the U.S., the report says. It also says business investment is expected to suffer, with concerns over the Canada-U.S. trade relationship keeping spending subdued. This report by The Canadian Press was first published July 7, 2025.
Yahoo
7 days ago
- Business
- Yahoo
Conference Board report forecasts 1.5 per cent GDP growth for this year
OTTAWA — The Conference Board of Canada is forecasting the economy will grow by 1.5 per cent this year as uncertainty surrounding U.S. trade policies continues to weigh on business and consumer confidence Cory Renner, associate director of economic forecasting at the Conference Board, says the economy outperformed expectations in the first quarter, but the momentum is quickly fading. The report notes the housing market remains under intense pressure, while the trade sector is also in for a rough ride. Renner says trade disputes are casting shadows over multiple sectors of the economy and are expected to dampen growth throughout the remainder of the year. While Canadian exporters have turned to new markets with some success, the gains have been insufficient to offset the decline in exports to the U.S., the report says. It also says business investment is expected to suffer, with concerns over the Canada-U.S. trade relationship keeping spending subdued. This report by The Canadian Press was first published July 7, 2025. The Canadian Press 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Winnipeg Free Press
7 days ago
- Business
- Winnipeg Free Press
Conference Board report forecasts 1.5 per cent GDP growth for this year
OTTAWA – The Conference Board of Canada is forecasting the economy will grow by 1.5 per cent this year as uncertainty surrounding U.S. trade policies continues to weigh on business and consumer confidence Cory Renner, associate director of economic forecasting at the Conference Board, says the economy outperformed expectations in the first quarter, but the momentum is quickly fading. The report notes the housing market remains under intense pressure, while the trade sector is also in for a rough ride. Renner says trade disputes are casting shadows over multiple sectors of the economy and are expected to dampen growth throughout the remainder of the year. While Canadian exporters have turned to new markets with some success, the gains have been insufficient to offset the decline in exports to the U.S., the report says. Monday Mornings The latest local business news and a lookahead to the coming week. It also says business investment is expected to suffer, with concerns over the Canada-U.S. trade relationship keeping spending subdued. This report by The Canadian Press was first published July 7, 2025.
