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.

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 Sure, let’s implement the outdated trickle down economics approach that actually does nothing for the people and further increases corporate profit margins.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)
Source: nationalpost - 🏆 10. / 80 Read more »