Posted 4/1/2024, 5:00:07 PM
Business Outlook Improves Slightly in Canada, Easing Pressure for Rate Cuts
- Business sentiment and recession expectations improving in Canada, reducing pressure on policymakers debating interest rate cuts
- Bank of Canada survey shows high rates continue weighing on activity; outlook remains subdued
- Inflation expectations from businesses easing but still elevated from consumers
- Investment intentions dropped sharply with only 33% of firms planning more spending
- Share of consumers planning or considering home buying rose despite high prices and mortgage rates
