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Tariffs & trade tensions strain Canadian consumer confidence and business outlook: Bank of Canada

Mario Toneguzzi -
Canadians plan to buy local amid trade tensions, while businesses face soft demand, muted hiring, and inflation concerns, says the Bank of Canada.
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Business and consumer confidence remain subdued: Bank of Canada surveys

Mario Toneguzzi -
The Bank of Canada said the sales outlook remains pessimistic
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Canadian business sentiment likely stabilized in Q2 after earlier deterioration

Mario Toneguzzi -
The Bank of Canada’s Business Outlook Survey on Monday is expected to show early signs of stabilization in businesses’ expectations for future sales, input prices and hiring in Q2
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Bank of Canada holding interest rates steady

Mario Toneguzzi -
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.
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Business conditions deteriorate in Canada: Bank of Canada

Mario Toneguzzi -
Sales outlooks have softened, particularly for exporters. Firms reported having sufficient capacity, and many are delaying investment and hiring decisions amid uncertainty, says the Bank.
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Bank of Canada cuts interest rate to 3%,US tariffs looming

Mario Toneguzzi -
"In Canada, past cuts to interest rates have started to boost the economy. The recent strengthening in both consumption and housing activity is expected to continue."
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Consumers see improvement in financial health: Bank of Canada

Mario Toneguzzi -
Fewer consumers reported that they are spending less or plan to reduce their spending; and, for the first time since 2021, consumers said they expect their spending to increase faster than they expect prices to rise.
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Amid Concerns of Infection, Bank of Canada Encourages Retailers in Canada to Accept Cash

Mario Toneguzzi -
Despite the suggestion, one representative noted that the coronavirus can stay on surfaces such as currency for days.
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Bank of Canada Discusses New $10 Bill with Retail Insider

Mario Toneguzzi -
The Bank of Canada wanted to reach out to retailers doing business in Canada to explain the bill's unique new design, which is unlike anything to date.
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