OTTAWA — The Bank of Canada says its business outlook survey indicator fell in the third quarter as companies expect sales growth to slow over the coming year.
The report found the negative effects of rising interest rates are spreading with more businesses thinking higher rates will constrain sales and investment plans. Meanwhile, the bank’s Canadian survey of consumer expectations suggested consumers’ expectations of inflation remain elevated with the gap between perceptions and actual inflation unusually wide.Charlie Munger is a fraction as wealthy as Warren Buffett. He'd be worth over $10 billion if he kept all of his Berkshire Hathaway stock.
Super-rich Americans are now giving up on the stock market, holding historic levels of cash — here's why and what they're plowing their wealth into insteadDefault risks loom for nearly $2 trillion of junk-rated debt as US companies hit with higher interest rates