Canadian firms reported a slight uptick in sentiment in the third quarter, as investment intentions strengthened and credit concerns waned, giving the central bank little reason to move rates.
The Bank of Canada’s autumn survey of executives showed a moderate outlook for future sales along with “healthy” spending plans outside the prairies, lower input prices and restrained expectations for inflation. That’s despite concern that Canadian firms will be negatively affected by slower U.S. economic activity.
The composite gauge of sentiment moved up slightly, but remains below the high levels reached in 2017 and 2018. The Ottawa-based central bank changed the methodology for the indicator, resulting in revisions in the data set back until 2003. “Results from the autumn Business Outlook Survey indicate that business sentiment improved slightly, but regional differences are more pronounced,” the Bank of Canada said in a release. “Positive views in Central Canada contrast with widespread weakness in the Prairies.”
Businesses are citing immigration and strong activity in the information technology and non-residential construction industries as factors supporting sales. However, for companies tied to the energy sector, this suggests that sales will no longer fall or will only recover slightly.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada Infrastructure Bank explored launching public utility to compete with Rogers, Bell and TelusThe CIB report is one of several circulating that suggest discussions in Ottawa about significant changes to the telecom sector It isnt the govts roll to run business. Its a better Idea to let US telecom up here to compete. Oh the Nationalization of Communications and the promise to censor social media by the Liberals. One step closer to Trudeau’s basic Dictatorship No.
Source: nationalpost - 🏆 10. / 80 Read more »
Royal Bank of Canada cracks Wall Street’s top 10 list for advising on M&A dealsRBC Capital Markets has risen to the No. 10 ranking for advising on announced U.S. mergers and acquisitions this year, its highest standing ever
Source: nationalpost - 🏆 10. / 80 Read more »
Five things to watch for in the Canadian business world in the coming weekHere are five things to watch for in the Canadian business world in the coming week. Going to have to fact check THE TORONTO SUN on that article! We have to step further to find new market in the world. China, Brazil, EU, Russia, South east Asia. We need these countries for our better future. Don't rely only to US for God sake.
Source: CTVNews - 🏆 1. / 99 Read more »
Small Business Borrowing Guide: Find the best loan for your companyInformation and inspiration for Canadian entrepreneurs, startups and small business leaders
Source: globeandmail - 🏆 5. / 92 Read more »
Canadian election 2019: Live news, photos and analysisPolls have officially opened across the country and millions of Canadians are expected to cast their ballots in Canada’s 43rd federal election Did you HAVE TO SHOW THAT IDIOTS FACE. I JUST ATE. So cute you all talking about 'coalitions' etc etc... If only Canada had a modern voting platform where the will of the people is reflected in the results. Proportional Representation NOW FairVoteCanada Isn't that ballot tampering?
Source: nationalpost - 🏆 10. / 80 Read more »
Why the man managing your pension wakes up happy every dayCanada Pension Plan Investment Board CEO Mark Machin on the financial challenges - and immense personal satisfaction - of overseeing the retirement savings of 20 million Canadians
Source: globeandmail - 🏆 5. / 92 Read more »