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Business sentiment continued to weaken in the fourth quarter and expectations for slower sales growth increased for a fourth consecutive quarter, the survey said. Some two-thirds of firms expect a recession over the next 12 months, with 90 per cent of those expecting it to be mild.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Source: News Formal (newsformal.com)
No inflation Transient inflation inflation No recession Mild recession* Recession. Thank-you trudeau, jagmeet *current status
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Bank of Canada: Businesses expect sales decline amid rising pricesThe Bank of Canada says more businesses are reporting demand and credit as pressing concerns, while consumers are cutting back on spending. Looming depression. NOT surprising
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Two things to watch ahead of the Bank of Canada's next rate decisionInflation data and Business Outlook survey could make the Bank of Canada\u0027s interest rate decision \u0027a closer call.\u0027 Read more 🤢 Keep cranking. Those rates need to rise above the inflation to actually have a meaningful impact. Put it up over 7% and we will see some healing in the market. Detox is tough but needed.
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What Bank of Canada’s ‘data dependence’ means for the upcoming interest-rate decisionData published since the December rate decision suggest that the Canadian economy has more momentum than the central bank would like to see I know! I know! Interest rates will go higher. Again. Thank-you Justin. Thank-you Jagmeet. Also, thanks, in advance, for the recession you will have caused.
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Kevin Carmichael: Bank of Canada needs deeper post-mortem of what went wrong on inflationTiff Macklem\u0027s legacy will be defined by whether he leaves the Bank of Canada better equipped to confront future crises. Read more. Easy, they went overboard on quantitive easing at the request of our government, printing money added to inflation, then they refused to admit inflation was caused by it and said it was transitory, caused by the pandemic only partially true… they blew it big time…..
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