The dawn of 2025 brings a landscape of significant political and economic uncertainty, posing substantial challenges for Canadian nonprofits. With the specter of U.S. tariffs looming and domestic political upheaval underway, the sector faces potential economic downturns and shifts in government priorities. The possibility of a 5.6% GDP decline and a 4.1% core inflation rate due to tariffs, as projected by Scotiabank, could severely impact funding and increase demand for services like food banks, which are already experiencing historic highs. The rapid political developments — including a cabinet shuffle, leadership race, and impending federal election — add further layers of complexity, potentially delaying critical funding decisions and policy advancements.
Young Associates can help your organization navigate these trends, ensuring financial stability and strategic adaptation in these uncertain times.
Read more here: https://imaginecanada.ca/en/360/what-trends-will-impact-charities-and-nonprofits-first-quarter-2025
