BMO survey finds 63% of Canadians concerned about recession

A recent survey conducted by the Bank of Montreal reveals that 63% of Canadians are concerned about a potential recession within the next year, with 48% anticipating a weakening economy. Additionally, 67% of respondents reported that inflation is negatively affecting their financial situation. The economic anxiety is compounded by looming tariff threats impacting Canadian exports to the United States. BMO Capital Markets senior economist Robert Kavcic noted that despite these concerns, global economic growth is expected to continue, potentially benefiting Canada's economy in 2025. The findings underscore a growing unease among Canadians regarding rising living costs and economic stability. Overall, the survey highlights a significant level of financial apprehension among the populace.