The Bank of Canada wording on a Canadian $50 bill is pictured in Ottawa on Jan. 11, 2023. The Canadian Press/Sean Kilpatrick
Canadian companies are hesitant to grow investments or increase hiring due to concerns about U.S. tariffs and global economic uncertainty, a new survey from the Bank of Canada (BoC) suggests.
The most recent quarterly business outlook survey conducted by the bank between Aug. 7 and Sept. 3, and released Oct. 20, found that business confidence and hiring across the country remains subdued due to the ongoing trade dispute with the United States. This includes a growing proportion of surveyed firms that are bracing for a potential recession.
