Bank of Canada business outlook survey: Business sentiment sinks ...Middle East

Sentiment fell every month in Q4, from 22% at the start of the quarter to 9% at the end38% of firms expect a recession in the year ahead vs 33% in Q354% of firms expect inflation to remain above 3% for the next two years vs 53% in Q375% of firms think wage growth will be back to normal by 2025Consumer survey inflation expectations for 5 years to 2.62% from 2.75%Future sales 20% vs 14%Indicators of future sales vs a year ago -10% vs 0% priorFirms see slight improvement in labor availabilityWage growth metrics are improving.Inflation expectations from firms.In the consumer survey, note that 5-year inflation expectations are below pre-covid levels.The survey also showed that consumers are incre

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