Canadian CPAs Expect a Recession This Year

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Over two-thirds of executive-level certified public accountants in Canada expect the country will see a recession this year, according to the recent Chartered Professional Accountants of Canada Business Monitor survey. The survey also shows only 18% of respondents said they were optimistic about the Canadian economy, down from 40% in the first quarter of 2022. David-Alexandre Brassard, CPA Canada’s chief economist, says the Canadian economy “has been surprisingly resilient in early 2023, but there are many signs that it will weaken before it gets better.” Asked about the main challenges Canada’s economy faces, 19% of…

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