The Canadian economy grew by 2.0 per cent in the second quarter of 2024 following 1.7 per cent growth in Q1, according to a report released by the Canadian Federation of Independent Business (CFIB).
“The decent growth in the economy in the first half of 2024 correlates with a recent uptick in long-term business optimism,” says CFIB.
“While encouraging, it doesn’t mean that all is well for small businesses. They’re still grappling with steep cost increases on all fronts, including wage pressures, significant energy and fuel costs, and high interest rates.”
