Canadian firms remain hesitant to increase investments or their payrolls due to U.S. tariffs and trade tensions, despite feeling a little better about conditions than they did earlier this year, says the latest quarterly business outlook survey released Monday. (The Logic)
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Canadian firms remain hesitant to increase investments or their payrolls due to U.S. tariffs and trade tensions, despite feeling a little better about conditions than they did earlier this year, says the latest quarterly business outlook survey released Monday. (The Logic)
Talking point: The Bank of Canada survey suggests trade-related uncertainty and soft demand have businesses focusing investments on routine maintenance, rather than expanding capacity. Hiring plans remain subdued for similar reasons. The business outlook indicator—a snapshot of business activity, capacity, price and cost pressures—increased to -2.28 in the third quarter. That is up from -2.4 in the previous quarter but still below -2.2 over the same period last year. Meanwhile, the central bank’s separate survey of consumer expectations suggests about 64 per cent of Canadians think the economy will decline over the next year.
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