Trump trade memorandum won’t impose new tariffs on day one, says WSJ report

post: ECB'S VUJCIC: THE MARKET PRICING OF RATE CUTS IS REASONABLE. post: #ECB GOVERNING COUNCIL MEMBER VUJCIC COMMENTS TO LC-MA FORUM - BBG *ECB'S VUJCIC: IN SHORT RUN, INFLATION RISKS ARE BALANCED *ECB'S VUJCIC: DATA ARE FALLING INTO LINE WITH OUR FORECASTS *ECB'S VUJCIC: WE ENGINEERED SOFT LANDING, TAKE OFF WILL BE HARD post: ECB'S VUJCIC: I STILL EXPECT A RISE IN HOUSEHOLD CONSUMPTION.

Overall business sentiment remains subdued, but firms are beginning to anticipate improvements in sales activity. Meanwhile, businesses expect growth in costs to continue to ease and growth in selling prices to stabilize. • After a period of weak demand, firms expect their sales growth to improve over the coming year. This expectation is largely driven by recent interest rate reductions and the anticipation of further cuts ahead. • With lower financing costs and improving demand outlooks, intentions to increase investment have become more widespread among firms. Part of this is a resumption of previous plans that were postponed. post: BoC Business Outlook Future Sales Q4: 31.0 (prev 13.0) - Overall Business Outlook Survey: -1.2 (prev -2.3) post: BOC CONSUMER SURVEY: EXPECTATIONS FOR 5-YEAR INFLATION HAVE DROPPED TO 2.99% FROM 3.03% IN Q3. post: BOC Q4 SURVEY OF CONSUMER EXPECTATIONS SHOWS 46.5% OF CANADIANS EXPECT A RECESSION, DOWN FROM 49% IN Q3.