In its International Economic Outlook: April 2025 report, the company highlights its economic forecast, stating that economies exposed to tariffs are expected to underperform. The economic forecast certainly looks grim, but what would a technical recession mean for Canadians? — Macmillan warns that tariffs and a recession would likely put households under pressure due to higher expenses and slow income growth. "This will secure today's rates, should rates go up, and if rates go down, you can still access those," she stated. As Canada faces a potential recession, Canadians must focus on strengthening their financial foundations.