The Bank of Canada’s (BoC) latest sentiment survey of Canadian businesses revealed that while firms are experiencing a general uptick in forward-looking sentiment, a lot of them are still feeling a growth crunch at the hands of tariffs from the US that are discouraging active trade.<\/p>\n
Key highlights<\/p>\n
Q3 Business Outlook<\/a> Survey shows overall intentions remain subdued despite gradual improvement in sentiment.
Q3 Business Service Indicator -2.28 versus -2.40 in Q2.
Expectations for growth in domestic and exports sales remain soft amid trade tensions.
Balance of opinion on indicators<\/a> of future sales is 0.0, up from -6.0 in Q2.
27% of firms reported outright decline in sales over previous 12 months, up from 24% in Q2.
18% of firms expect inflation to be above 3% for next two years, down from 23% in Q2.
33% of firms expect Canada to be in a recession over the next year, up from 28% in Q2.
35% of firms expect lower labor costs over next 12 months, 14% see higher labor costs.
BoC Q3 Survey of Consumers for next 12 months shows 64.1% of Canadians expect a recession, down from 64.4% in Q2.
BoC Consumer Survey shows expectations for 5-year inflation have risen to 3.67% from 3.45% in Q2.<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of Canada’s (BoC) latest sentiment survey of Canadian businesses revealed that while firms are experiencing a…\n","protected":false},"author":2,"featured_media":92999,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-92998","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/92998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=92998"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/92998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/92999"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=92998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=92998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=92998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}