TORONTO, Canada - Canadian business leaders are calling on the government to take urgent action to prevent a recession and support investment growth, according to a recent KPMG survey released on May 26, 2025 [1][2][3].

The survey reveals that 75% of Canadian business leaders report investing as much as or more than their U.S. and global competitors in technology, machinery, equipment, and intellectual property [1][2][3]. However, American tariffs are now threatening these investments by constraining revenue streams.

Despite 92% of leaders acknowledging the need for bolder investments in technology and innovation to build a more resilient economy, 59% report that the current economic climate hinders their ability to invest in productivity-enhancing technologies [1][2][3].

The survey highlights a shift in Canadian business mindset towards greater ambition, but also underscores the challenges posed by the current economic landscape. Business leaders are urging the government to act swiftly to address these issues and support continued investment in Canada's economic future.

This call for action comes at a critical time as Canadian businesses grapple with the impacts of American tariffs and the need to remain competitive on the global stage. The situation underscores the delicate balance between international trade relations and domestic economic growth strategies.

As the Canadian government considers its response, the business community awaits measures that could help mitigate the effects of external economic pressures and foster an environment conducive to sustained investment and growth.