-
Business Outlook Survey—Third Quarter of 2023
Results from the Business Outlook Survey and the Business Leaders’ Pulse show that firms expect their sales growth to be subdued over the next 12 months. This slowdown in demand is reducing capacity pressures and weighing on businesses’ plans for investment and employment. Although cost and pricing pressures continue to moderate, they are still expected to be higher than normal in the coming year. Firms’ inflation expectations edged down but remain higher than they were before the COVID‑19 pandemic. Many expect returning inflation to the Bank of Canada’s 2% target will take longer than three years. ... (full story)
-
Canadian Survey of Consumer Expectations—Third Quarter of 2023
• Consumers’ perceptions of current inflation remain elevated and are leading to persistently high expectations for inflation over the next 12 months. The gap between perceptions of inflation and actual inflation is unusually wide. This is likely because many consumers form their views based on their own shopping experience. Households with a large gap expect high price growth for essentials like food and housing. • Consumers’ expectations for interest rates one year from now also remain high. Many people think increases in interest rates are raising the cost of living and keeping inflation high. • The ... (full story)
-
Canada Business Outlook At Weakest Level Outside Recessions
— LiveSquawk (@LiveSquawk) October 16, 2023
- Canada Firms See Fewer Hiring Shortages, Lower Wage Gains
- Consumer Expectations For Wage Growth Reach A Record High