Bank of Canada's Q1 surveys show improved business and consumer sentiment, despite higher interest rates.
Bank of Canada's surveys reveal improved business and consumer sentiment during Q1, despite ongoing higher interest rates. Firms' expectations of rate cuts and continued population growth contribute to optimism. However, weak demand persists, and consumers continue to face financial stress. Bank of Canada is closely monitoring expectations ahead of its interest rate decision on April 10.
April 01, 2024
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