Bank of Canada survey found one\u002Dthird of Canadian companies are planning for recession compared with half in the first quarter. Read more
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In its business outlook survey released Friday, the central bank said for the first time since the beginning of the pandemic businesses on balance expected slower wage growth over the next year.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“Although firms still see cost pressures and labour shortages as top concerns, these have been mentioned less and less over the past year,” the report said.Overall, the business outlook survey indicator pointed to a negative sentiment as businesses continued to expect their sales growth over the next year to be weak, with one in five firms expecting an outright decline in sales.
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