-
Business Outlook Survey—Second Quarter of 2023
Results from the second-quarter 2023 Business Outlook Survey and the Business Leaders’ Pulse surveys from April through June 2023 show that firms continue to anticipate weak sales growth ahead. Nevertheless, businesses reported that their indicators of domestic demand have moved up compared with a year ago as uncertainty about the path of future interest rates and concerns of a recession fade. Although firms’ price-setting behaviour is gradually shifting closer to what it was before the pandemic, businesses continue to expect wage and price increases to be larger than normal. • Businesses continue to expect ... (full story)
-
Canadian Survey of Consumer Expectations—Second Quarter of 2023
Inflation expectations for one to two years ahead have come down again but remain well above their levels from before the COVID?19 pandemic. Consumers expect the growth of some goods prices to slow as supply chain pressures ease. • Some people continue to think the high cost of housing and heightened government spending are important factors keeping inflation above target. The increasing cost of living is the most pressing concern for consumers. Along with elevated interest rates, it continues to constrain most households’ spending. • Homeowners who are planning to renew their mortgage over the next two years ... (full story)
-
*BANK OF CANADA BUSINESS INDICATOR FALLS TO -2.2 IN 2Q FROM -1.1
— Cable FX Macro (@cablefxmacro) June 30, 2023
*CANADA BUSINESS OUTLOOK SOURS AGAIN TO WEAKEST SINCE Q3 2020
*BOC: ONE THIRD OF FIRMS & HALF OF CONSUMERS EXPECT RECESSION