Bank of Canada’s business sentiment gauge turns negative and drops to lowest since 2016

Canada’s recent economic slowdown and global trade tensions have begun to impact businesses confidence, according to a Bank of Canada survey.

“The main headwinds are a more uncertain outlook in the Western Canadian energy sector, continued weakness in housing-related activity in some regions, and tangible impacts from global trade tensions,” the Bank of Canada said in the report in which it described the deterioration in sentiment as a “softening.”

More businesses reported their sales growth decelerated over the past 12 months, while expectations for future sales remained depressed.

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Source: nationalpost - 🏆 10. / 80 Read more »