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Elevated Rates Push Canadian Business Pessimism Higher, Survey Says

Por: MarketWatch Business December 13, 2023

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The joint Canadian Chamber of Commerce-Statistics Canada survey, based on responses from nearly 16,000 organizations, indicated the outlook among executives deteriorated further in late 2023. The impact from the Bank of Canada's aggressive and accelerated rise in interest rates is weighing on output, which declined 1.1% annualized in the third quarter. Canada's gross domestic product would have dropped further, economists say, were it... + full article



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