Canadian Business Outlook Dims After Trade Talks Fail
Canadian business outlooks deteriorated after trade talks with the United States collapsed in August. Surveys show rising inflation expectations and weaker export sales while hiring intentions remain soft.
Canada's business sentiment dimmed after trade talks collapsed with the United States, according to a Bank of Canada survey released on Monday afternoon. The fallout from the August 21 breakdown introduced new tariffs that weighed heavily on corporate expectations. Despite the pullback, overall sentiment remained stronger than during the previous year's trade lows.
