Bank Of Canada Q3 Business Survey Outlook Shows Demand Is Weak, Firms Have Excess Capacity, Price Growth Continues To Slow; Overall Pressures On Businesses Are Little Changed From Q2; Sales Expectations Remain Softer Than Average But Have Improved Slightly From Q2 Thanks To Rate Cuts And Expectations Of More Cuts
Portfolio Pulse from Benzinga Newsdesk
The Bank of Canada's Q3 Business Survey indicates weak demand and excess capacity among firms, with slowing price growth. Business pressures remain similar to Q2, but sales expectations have slightly improved due to rate cuts and anticipated further cuts.
October 11, 2024 | 2:31 pm
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The Bank of Canada's Q3 Business Survey suggests weak demand and excess capacity, impacting Canadian economic outlook. EWC, an ETF tracking Canadian equities, may see slight positive sentiment due to improved sales expectations from rate cuts.
EWC, an ETF tracking Canadian equities, could be positively impacted by the Bank of Canada's survey indicating improved sales expectations due to rate cuts. This suggests a slightly better economic outlook for Canada, which could benefit EWC.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70