A new survey by the Bank of Canada reveals that nearly a quarter of Canadian businesses anticipate rising costs due to Donald Trump's inauguration. The survey, conducted in December, found that 18% of businesses expect price increases and 40% foresee a negative impact on their operations from the incoming U.S. administration. While many businesses cite uncertainty about the new administration's policies, high costs and economic uncertainty are already affecting consumer spending.
OTTAWA — Nearly a quarter of Canadian businesses expect their costs to rise with Donald Trump set to take office today, according to a new survey from the Bank of Canada .
Overall, 40 per cent of companies expect a negative impact on their business from the incoming U.S. administration, while a third said it was too early to tell. The growth in sales expectations coincided with the Bank of Canada’s consumer expectation survey from the fourth quarter of 2024, in which consumer sentiment was improving on the expectation of further rate cuts.
ECONOMY TRUMP CANADA TARIFFS BUSINESSES
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