2025 Economic Outlook Canada. With inflation anchored at 2 per cent, the bank of canada led all g7 central banks in cutting its policy rate, reducing it five times in a row from 5 per cent to 3.25 per cent, with. • cfib’s estimates and forecasts in partnership with appeco suggest the canadian economy grew by 3.2% in q4 2024 and will moderate at 2.5% in q1 2025.
Looking ahead, with much slower population growth and a pickup in the economic growth rate over the next year, we expect this steep deterioration in the job market to give way. “the upshot is that the bank’s.