Each quarter, the Business Outlook Survey results are based on interviews with senior management of about 100 firms.| www.bankofcanada.ca
Consumers’ perceptions of inflation are unchanged from a quarter ago, but their expectations for near-term inflation declined significantly. While both measures have improved substantially in recent quarters, they remain higher than they were before the COVID‑19 pandemic. Most consumers continue to think that domestic factors are contributing to high inflation. Sentiment remains subdued and unchanged from last quarter, as high inflation and elevated interest rates continue to constrain pe...| www.bankofcanada.ca