The Bank of Canada's survey results indicate that businesses cannot shake off trade pessimism

Wallstreetcn
2025.10.20 14:46

Bank of Canada: The business outlook indicator for the third quarter rose to -2.3, from -2.4 previously.

The one-year CPI expectations of enterprises are slightly above the levels for 2024.

Most enterprises do not plan to expand hiring in the coming year.

Businesses expect costs to rise, while weak demand will limit price increases.

The steel and aluminum industry claims that tariffs (sparked by U.S. President Trump) have caused significant layoffs.

Two-thirds of surveyed consumers expect an economic recession in Canada within the next year.

Consumer short-term CPT expectations are higher than pre-COVID levels.

Consumers expect significant automotive inflation in the coming year

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