A new Bank of Montreal survey reveals that 63% of Canadians are worried about a potential recession in the next year. While global economic growth is predicted, rising prices and the cost of living remain top concerns. The survey suggests Canadians are spending more on necessities and fear continued inflation.
TORONTO — As tariff threats loom, a new Bank of Montreal survey finds 63 per cent of Canadians expressed concerns about the potential for a recession in the next 12 months.
Despite the pessimism among respondents, BMO Capital Markets senior economist Robert Kavcic said the global economy is expected to grow this year. Forty-four per cent of respondents said they were spending an extra $100 to $300 per month on basic living expenses while 38 per cent reported spending more than $300 extra every month.
ECONOMY TARIFFS INFLATION RECESSION CANADA
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