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Bank of Canada Survey: Business Confidence Drops to Lowest Level in Over 2 Years -- Update

Por: MarketWatch Business January 17, 2023

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The central bank's business-outlook survey indicated that higher interest rates--up four percentage points from a year ago--have dampened firms' sales expectations and plans to invest. Firms also link their weaker outlook on demand to high inflation eroding consumers' spending power and to the possibility of a recession, the Bank of Canada said. The survey's broadest gauge of business confidence fell in the fourth quarter to... + full article



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