BOC: Polls Show Firms More Concerned About CPI Than Growth, Recession Expected
Apr-07 14:37
BOC survey showed firms see inflationary pressures outweighing pressure from weak demand amid US tariff concerns.
BOC survey showed 67% of consumers expect a recession over the next year, up from 47% in Q4 while 32% of firms also expect a recession over the same period from 15% in last two quarters. Companies put hiring and investment plans on hold amid the uncertain economic outlook with Q1 sales growth balance of opinion +13 vs +31 in Q4.
BOC said consumers expect little change in interest rates in the coming year. That's compared to last quarter's results where consumers anticipated further cuts. Consumer sentiment turned more cautious from Q4's stronger spending plans amid economic uncertainty and rising costs.
Business inflation expectations rise with 23% seeing inflation above 3% over the next two years, up from 20% in Q4 while 44% expect inflation between 2% and 3%.
MNI: BOC OUTLOOK SURVEY: FUTURE SALES GROWTH BALANCE OF OPINION +13
Apr-07 14:34
MNI: BOC OUTLOOK SURVEY: FUTURE SALES GROWTH BALANCE OF OPINION +13
BANK OF CANADA BUSINESS OUTLOOK SURVEY OVERALL INDICATOR -2.14
BOC: CONSUMERS SEE INFLATION AT 3.94% NOW, 4.09% IN 1 YEAR
boc says firms, consumers see higher odds of canada recession
Apr-07 14:30
BOC SAYS FIRMS, CONSUMERS SEE HIGHER ODDS OF CANADA RECESSION
BOC: FIRMS SEE BIGGER PRESSURE ON CPI THAN GROWTH FROM TARIFFS
BOC: FIRMS DELAYED HIRING, INVESTMENT IN Q1 ON TARIFF THREAT