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Strong Canadian business and consumer sentiment collide with capacity constraints, inflation worries
Canadian business and consumer sentiment was upbeat in the third quarter, but inflation pressures, labour shortages, and supply-chain disruptions pose challenges to the country’s economic outlook, according to a new central bank survey. Advertisement Article content Canadian business confidence grew in the third quarter to the highest level since 2003, thanks to sizable demand both domestically and abroad, according to the Bank of Canada’s quarterly Business Outlook Survey released Monday. As Canadians resume normal spending activities, this growing demand is prompting a greater share of firms to increase their ... (full story)