Bank of Canada business outlook survey says "demand is weak" ...Middle East

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Bank of Canada business outlook survey says demand is weak
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For me, this is a more-important report than today's jobs data.Business Outlook Survey indicator remains negative, signaling widespread softness" demand is weak, firms have excess capacity, and price growth continues to slow" but little deterioration since last quarterFirms reported weak past sales growth due to past inflation and interest rate increases continuing to weigh on the economy, particularly on consumers’ budgetsSales expectations remain softer than average but have improved slightly this quarter on rate cut hopes. Sales growth indicator to +13 from +1Labour shortages continue to ease, with few firms reporting challengesInvestment and hiring intentions remain weakInvestment spen

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