Canada Economics

Canada Chart Book

24 January, 2019

Surveys point to growth slowdown

The Bank of Canada’s fourth-quarter Business Outlook Survey revealed a sharp deterioration in firms’ expectations for future sales. In fact, the future sales balance dropped into negative territory for the first time since 2011. On past form, that seems consistent with annual GDP growth slowing from 2.2% in the third quarter to near zero in the coming quarters. Admittedly, other components of the survey painted a rosier picture, with firms’ investment intentions still consistent with a healthy

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