Canada: Business and Consumer Sentiment Remained Downbeat in Q4 2023

Canada: Business and Consumer Sentiment Remained Downbeat in Q4 2023 – Action Forex ...Middle East

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According to the Bank of Canada Business Outlook Survey (BOS) Canadian business sentiment remained downbeat in the fourth quarter of 2023. The BOS indicator, a statistical summary of survey results, was -3.15 in 2023 Q4, up only slightly from the post-pandemic low of -3.45 in 2023 Q3. The pessimistic tone was broad-based across sectors and firm sizes. The share of firms preparing for a potential recession in the coming year remained the same (roughly one-third), but this quarter’s concerns are focused on demand, credit and uncertainty around economic conditions, rather than labour shortages and supply chains. The good news is that both input and output price growth expectations are tr

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Last updated : 16 January 2024 clock 07:04 AM

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Canada: Business and Consumer Sentiment Remained Downbeat in Q4 2023 – Action Forex ...Middle East

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