Canadian Markets

 

Canadian Markets The business outlook in Canada has become negative for the first time since 2020.  The Bank of Canada's business outlook indicator was down to -1.1 in Q1 2023, from 0.1 in the previous quarter.  The decline is credited to rising interest rates, which are now at 4.5%.  Despite higher borrowing costs, businesses surveyed forecast that the Bank of Canada won't be able to lower inflation to its 2% target rate by 2025.  TSX  20,278.28 0.89% *Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services