As tariff threats loom, a new Bank of Montreal survey finds 63 percent of Canadians expressed concerns about the potential for a recession in the next 12 months.
The online poll also found 48 percent of those surveyed believed the economy will weaken over the next year, while 19 percent expect it to improve.
Despite the pessimism among respondents, BMO Capital Markets senior economist Robert Kavcic said the global economy is expected to grow this year.
“While the trade concerns are front and centre for many Canadians and should be taken seriously, global economic growth is expected to continue and we expect underlying Canadian economic growth to improve in 2025, barring serious and sustained tariff action,” he said in a statement….