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Trade uncertainties with the U.S. cause a significant drop in Canadian business and consumer confidence.
The Bank of Canada reports a decline in business and consumer sentiment in the first quarter due to trade uncertainties with the U.S.
The business outlook survey shows that 32% of firms now expect a recession within the year, up from 15% previously, while consumer expectations reveal increased concerns about job security and financial health due to trade conflicts.
The survey also notes a decrease in planned investments and hiring, impacting economic growth forecasts.
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Las incertidumbres comerciales con los EE.UU. causan un descenso significativo en la confianza de los negocios y consumidores canadienses.