Business and consumer sentiment sours, while inflationary pressures ease, BoC surveys find

Most Bay Street analysts expect at least one more 25-basis-point rate hike on Jan. 25, given the stronger than-expected inflation report for November and a blockbuster December jobs report. That would bring the Bank of Canada’s policy rate to 4.5 per cent.

The Business Outlook Survey Indicator, which pulls together various survey responses into a single data point, dropped to near zero, the lowest level since the third quarter of 2020. More businesses than usual said they expect their sales to slow in the coming year, while many dialed back plans to hire new workers and invest in new machinery and equipment.

Inflation expectations are a key variable for the Bank of Canada. What workers and businesses believe about future inflation can impact wage-negotiations and price-setting behaviour. The central bank remains concerned that the longer inflation stays high, the more likely that it will become baked into people’s psychology, making the bank’s inflation-control job more difficult.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

The Week Ahead: Canadian inflation data, BoC Business Outlook Survey - BNN BloombergA look at what investors will be watching in the upcoming week. Hopefully, momentum continues stockmarket crypto bitcoin nfts NFTCommunity richtv
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Bank of Canada to release business outlook and consumer expectations surveys today - BNN BloombergThe Bank of Canada will release its business outlook and consumer expectations surveys this morning.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Bank of Canada to release business outlook and consumer expectations surveys todayThe Bank of Canada will release its business outlook and consumer expectations surveys this morning.
مصدر: CTVNews - 🏆 1. / 99 اقرأ أكثر »

The Daily Chase: Awaiting Bank of Canada Business Outlook Survey; Clearco CEO steps down - BNN Bloomberg​We're awaiting a fresh read on business and consumer sentiment this morning, with the Bank of Canada's Business Outlook Survey and Survey of Consumer expectations hitting the tape at 10:30 a.m. EST.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »