Bank of Canada releases the Q3 Business Outlook Survey.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- Bank of Canada releases the Q3 Business Outlook Survey.
- Business confidence has softened but is still positive.
- Short-term inflation expectations edged down but remain elevated.
The Bank of Canada (BoC) released on Monday the Business Outlook Survey for the third quarter of 2022. The report says that “business confidence has softened”, “many firms expect slower sales growth as interest rates rise and demand growth shifts closer to pre-pandemic levels” and regarding inflation, it states there are early signs “that pressures on prices and wages have started to ease, but firms’ inflation expectations remain high.”
The USD/CAD remained near daily lows after the release hovering around 1.3740, weakened by a broad-based slide of the US dollar.
[/s2If]
Join Our Telegram Group
