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Canada | companies put their:
(Montreal) Canadian companies will probably continue to reduce their investments in the coming months due to economic uncertainty. In addition, predicts the Chief Economist of the Canadian Independent Company Federation (FCEI). Consequently,
Posted at 12:17 p.m.
The association estimates that private investments dropped by 13 % in the second quarter. For example, from April to June, after a decrease of 3.1 % during the first three months of the year. Therefore, It anticipates a decline of 6.9 % canada | companies put their in the third quarter, according to its forecasts unveiled on Thursday. Meanwhile,
The chief economist of the FCEI. Simon Gaudreault, stressed, in an interview, that several companies have put “on pause” their investments in the wake of trade tensions and the volatile economic context.
The FCEI anticipates that official data confirm that the Canadian economy contracted 0.8 % in the second quarter and saw a drop in the same magnitude in the third quarter.
Two consecutive quarters of drop in gross domestic product (GDP) is generally considered an economic recession.
Mr. Gaudreault stressed that these forecasts are established in a context of great uncertainty. which confuses visibility on the trajectory of the economy.
Despite the economic slowdown and its effects canada | companies put their on employment, the rate of vacant posts remains high, according to him. The rate of vacant posts was maintained 2.8 % in Canada during the second quarter. It was 3.2 % in Quebec.
canada | companies put their — Canada | companies put their: (Montreal) Canadian companies will probably continue to reduce their investments in the coming months due to economic uncertainty. predicts the Chief Economist of the Canadian Independent Company Federation (FCEI). Posted at 12:.
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