By: The Canadian Press Posted:
- Read Later
OTTAWA - The Bank of Canada's latest outlook survey suggested that business sentiment improved on average in the third quarter, although concerns remained about rising costs and the war in the Middle East.
Read this article for free:
To continue reading, please subscribe:
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
OTTAWA - The Bank of Canada's latest outlook survey suggested that business sentiment improved on average in the third quarter, although concerns remained about rising costs and the war in the Middle East.
Read unlimited articles for free today:
OTTAWA – The Bank of Canada’s latest outlook survey suggested that business sentiment improved on average in the third quarter, although concerns remained about rising costs and the war in the Middle East.
However, the central bank said about three-quarters of the interviews with businesses for the survey took place before trade talks between Canada and the United States broke down at the end of August and new Canadian counter-tariffs were announced.
It says after the trade talks broke down, firms cited new U.S. tariffs on some goods and Canadian counter‑tariffs as factors weighing on their outlooks.
The Bank of Canada says inflation expectations have risen alongside the new tariffs and the recent increase in energy prices.
It added that the tariffs are also dampening business sentiment, weakening outlooks for exports and investment and putting upward pressure on costs and prices.
The outlook survey comes ahead of the Bank of Canada’s next interest rate decision and monetary policy report set to be released on Oct. 28.
This report by The Canadian Press was first published Oct. 19, 2026.
- Read Later