Furthermore,
Bank canada | decreasing companies:
Two reports from the Bank of Canada indicate on Monday that uncertainty linked to customs duties continued to weigh on the confidence of companies. Nevertheless, consumers in the second quarter, but that the worst anticipated commercial scenarios seem less likely. Meanwhile,
Posted at 11:52 a.m.
The Central Bank survey on business prospects stresses that 28 % of companies are now preparing for a recession in Canada. compared to 32 % in the previous quarter, but still up compared bank canada | decreasing companies to the 15 % of the two previous quarters.
Sales prospects remain generally pessimistic due to generalized concerns concerning the effects of economic slowdown. but the report specifies that recent monthly surveys suggest some improvement in business perspectives, in particular among exporters, because few of them have been directly affected by current customs duties.
In addition. the survey on consumers’ expectations indicates that spending intentions have further decreased due to the persistent threats of customs duties.
Consumers also continue to perceive the labor market as sluggish, in a context of fears increased by job losses.
These reports precede the next decision of the Bank of Canada on interest rates. the publication of its report on monetary policy, scheduled for July 30.
bank canada | decreasing companies
bank canada | decreasing companies — Bank canada | decreasing companies: Two reports from the Bank of Canada indicate on Monday that uncertainty linked to customs duties continued to weigh on the confidence of companies. consumers in the second quarter, but that the worst anticipated commerc.
Further reading: Highlights of the 2023 to 2024 report – The Mazda CX-50 paused in Canada because of customs prices – the vote for a collective agreement begins on Monday – New Brunswick shines with 42 medals at the Canadian Francophonie Games – A summer under the sign of the work on the roads of the North Shore.