Most businesses expect mild recession, see inflation staying higher for longer, Bank of Canada survey finds

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Rising interest rates seen slowing household demand and the housing market, Bank of Canada survey finds. Read more

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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.

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