The Bank of Canada’s business outlook survey index fell to its lowest since the second quarter of 2020, when COVID-19 forced many businesses to shut down
Canadian businesses see inflation easing over the next two years, though many still expect it to take more than three years to return to the central bank’s 2 per cent target, the Bank of Canada said on Monday in a third-quarter survey.
“Reports of softer demand are broad-based,” the survey said. “Signs indicate that pricing behavior is moving toward normal ... A continued softening in demand conditions is creating an environment where firms are less able to pass through input cost increases.” The central bank has hiked interest rates 10 times since March of last year to a 22-year high, but it still does not see inflation slowing to its 2 per cent target until mid-2025.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian autoworkers ratify new contract with General Motors, leaving only Stellantis without dealCanadian autoworkers have voted to ratify a three-year contract agreement with General Motors.
Read more »
Five things to watch for in the Canadian business world in the coming weekTORONTO — Five things to watch for in the Canadian business world in the coming week: Suncor Suncor Energy CEO Rich Kruger is slated to appear before the...
Read more »
Canadian Press NewsAlert: Tourmaline Oil announces deal to buy Bonavista EnergyCALGARY — Tourmaline Oil Corp. has signed an agreement to buy Bonavista Energy Corp. in a deal worth $1.45 billion. More coming. Companies in this story: (TSX:TOU) The Canadian Press
Read more »
In the news today: Fifth Canadian dies in Israel after Hamas attacksHere is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today...
Read more »
In the news today: Fifth Canadian dies in Israel after Hamas attacksHere is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today...
Read more »
In the news today: Fifth Canadian dies in Israel after Hamas attacksHere is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today...
Read more »