US EditionBusiness confidence still weak as tariffs hold back investment: BoC
Trade uncertainty and U.S. tariffs are suppressing investment and hiring, with one-third of businesses expecting a recession, according to the Bank of Canada survey.
- A Bank of Canada survey found that most companies don't intend to hire new employees over the next year.
- Businesses no longer expect sales growth to strengthen over the coming year as tariff-related impacts continue to hold back demand, the Bank of Canada said.
- Two-Thirds of consumers and a third of businesses expect an outright recession, according to the surveys.
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Canadian Businesses Struggling Amid US Tariff Uncertainty: Bank of Canada
Canadian companies are hesitant to grow investments or increase hiring due to concerns about U.S. tariffs and global economic uncertainty, a new survey from the Bank of Canada (BoC) suggests. The most recent quarterly business outlook survey conducted by the bank between Aug. 7 and Sept. 3, and released Oct. 20, found that business confidence and hiring across the country remains subdued due to the ongoing trade dispute with the United States. T…
According to a survey by the Bank of Canada, business confidence is "moderate," partly due to trade uncertainty with the United States.
Some economists believe that the Bank of Canada is more likely to reduce its policy rate next week, after two central bank surveys revealed on Monday that U.S. tariffs continue to weigh heavily on businesses and consumers.
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