Canadian economic outlook, Spring 2025

Forecasts differ on whether Canada is on track for a recession, with the Royal Bank of Canada (RBC) showing slow, but positive growth, and both Deloitte and TD Bank projecting a brief contraction.

Note: Figures in the above graph are expressed as annualized percentage changes. Other data considerations apply; please see the source links for more information: (RBC) (Deloitte) (TD)
Chart: Charlie Buckley, CTVNews.caSource: Royal Bank of Canada, TD Bank, DeloitteCreated with Datawrapper