Posthaste: The last time business confidence slumped like this was the oil crash of 2014

Russia’s invasion of Ukraine has thrown the world economy into turmoil, putting further pressure on already disrupted global supply chains and sending commodity prices sky high. Inflation is raging and in response the Bank of Canada has raised rates 75 basis points with more hikes on the way.

Sixty-four per cent believe that their profitability will worsen or remain the same during that period.that inflation ran hotter in the first quarter than he expected, rising prices are a key concern.Canadian businesses don’t see inflation going away any time soon, with 67% saying they expect prices to rise at an annual rate of 5% or greater over the next six months. Seventeen per cent see inflation running even hotter at 8% or greater.

And as if business didn’t already have enough to deal with, the recent COVID lockdowns in China is the latest worry on their radar.

Could this have anything to do with our leadership?

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Posthaste: Worried as stocks nosedive around you? Buy Canada, a winner in the 'New Energy World Order'Posthaste: Worried as stocks nosedive around you? Buy Canada, a winner in the New Energy World Order, says BofA Time for the class war to restart as a two sided affair rather than as a one sided sabotage Living wages pegged to productivity, dignity at work and social mobility. Mass mobilization, general strikes and direct action ftw. Kick them in the capitalism until they beg for mercy.
Source: nationalpost - 🏆 10. / 80 Read more »