Bank of Canada business outlook survey highlights growing pessimism

• Business sentiment 21% vs 17% prior
• Firms’ sales outlooks are mostly unchanged from last quarter and remain more pessimistic than average
• Businesses tied to discretionary spending reported particularly weak
  sales expectations, while those tied to essential spending see
  population growth continuing to benefit their sales.
• Investment spending plans also remain below average
• The share of firms reporting labour shortages is near survey lows

This article was written by Adam Button at www.forexlive.com.