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Bank of Canada Q3 business outlook survey -0.33 vs -0.38 prior

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BOS indicator -0.33 vs -0.38 in Q2 (revised from -0.39) Future sales balance of opinion +42 vs +15 in Q2 18% of firms report an outright decline in sales over the past 12 months vs 22% in Q2 6% of firms expect a recession in the next year vs 17% in Q2 41% of firms expect inflation above 3% over the next two years vs 44% in Q2 Consumers’ 5-year inflation expectations 3.91% vs 3.39% in Q2 53.0% of consumers expect a recession in the next 12 months vs 54.6% in Q2 Roughly three-quarters of the Business Outlook

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