The Bank of Canada says results from its Business Leaders’ Pulse (BLP) show that business sentiment remains positive but has trended down since April.
Also, the Business Outlook Survey (BOS) indicator also declined this quarter, with results for several survey questions moving down from elevated levels.
“Part of the decrease in business confidence reflects a moderation in firms’ sales outlooks. Some businesses linked to housing activity expect higher interest rates to hurt their sales. After experiencing a sharp recovery from the pandemic, other firms now anticipate a slower—although still healthy—pace of sales growth,” said the Bank of Canada.
“Businesses expect their price increases to moderate due to downward pressure on prices for commodities and other input goods. They also expect their wage increases to soften from high levels. Firms’ short-term inflation expectations remain above the Bank of Canada’s inflation target.
“Firms’ sales outlooks have softened. Businesses with sales linked to housing activity and household consumption expect weaker sales growth due to rising interest rates. Other firms anticipate their sales growth will be healthy but slower than earlier in the economic recovery from the COVID‑19 pandemic. Amid emerging signs of moderating growth in demand, firms’ plans to invest more and hire eased slightly from previously high levels.”
(Mario Toneguzzi is a veteran of the media industry for more than 40 years and named in 2021 a Top Ten Business Journalist in the world and only Canadian)
Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders.
The commitment to a grass roots approach has built a loyal audience with over 120,000 downloads and thousands of subscribers on all our social channels and YouTube.
Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story.
Advertising and Sponsorships:
At Canada’s Podcast we are here to help you reach your communication objectives and get you results. If you are looking to build your brand, promote your products/services, announce an event, then you will want to reach our extensive data base of owners and entrepreneurs. Contact sales at: email@example.com and find out how we can make an impact on your bottom line with our sponsorship packages.
Sponsors include: RBC Bank, The Cooperators Insurance, Silicon Valley Bank, eBay, Lethbridge Economic Development, VanHack, CBC Dragon’s Den, The Competition Bureau, The Vancouver Board of Trade and more.