Bank of Canada survey: business sentiment worsens, inflation expectations rise

The Bank of Canada’s latest survey reveals a deterioration in business sentiment and an increase in inflation expectations following unsuccessful trade negotiations between Canada and the United States. The survey, which includes responses from business leaders, indicates that firms are more pessimistic about the economic outlook, with inflation expectations notably climbing. These developments come on the heels of the U.S. imposing a 50% tariff on Canadian goods, valued at approximately $28 billion, prompting Canada to vow retaliation.

Source: Crypto Briefing