dropped from its near-record heights last year and down into negative territory for the first time since the third quarter of 2016.
The pace of sales growth has "moderated slightly" over the previous 12 months following a solid year, the bank said. "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."
"Despite some softening in business sentiment, intentions to spend on machinery and equipment remain healthy in most regions and continue to point to an increase in investment over the next 12 months," the central bank said. He listed challenges in the oilpatch, including difficulties shipping products out of the region, as well as broader concerns about whether Canada is competitive enough to attract investment given the corporate tax cuts in the United States.
If only we used the Bank of Canada for our government loans and kept the interest in Canada. It would reduce our debt and save tax payers a tonne. Makes you wonder....
One thing is for certain... The Canadian Loonie is worthless these days.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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Bank of Canada’s business sentiment gauge turns negative and drops to lowest since 2016Economic slowdown and trade tensions have begun to impact business confidence The photo gives me vertigo. 🥴
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‘Our engine is sputtering’: Ontario PCs bank on business investment incentive to spur slowing economyIn attempting to kick-start the motor, the Ontario Tories are following the lead of the federal Liberal government I like how there's spending cuts and no new taxes. Sure, let’s implement the outdated trickle down economics approach that actually does nothing for the people and further increases corporate profit margins. Great job Dougie, you really are a govt for the people. (In case you’re wondering this is sarcasm)
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