Most Consumers and Businesses Expect Recession; Views on Inflation Diverge: BoC

Most Consumers and Businesses Expect Recession; Views on Inflation Diverge: BoC
The Bank of Canada is shown in Ottawa on July 12, 2022. The Canadian Press/Sean Kilpatrick
The Canadian Press
Updated:
0:00

New surveys from the Bank of Canada show most consumers and businesses expect Canada to enter a recession, though their views on inflation in the short run are diverging.

The third-quarter business outlook and consumer expectations surveys, released Monday, showed consumers have become more pessimistic about inflation in the short run, while business expectations for inflation have eased.