Iran war alters inflation expectations among Canadian firms
Here's what it means for you.
The ongoing conflict in Iran is reshaping economic forecasts for Canadian businesses.
What happened
The war in Iran has negatively impacted inflation expectations among Canadian firms.
The Context
- Fewer Canadian firms anticipated a recession before the Iran war began.
- Concerns around trade tensions and tariffs were high prior to the conflict.
- The Bank of Canada surveys indicate a shift in sentiment due to the war.
Takeaway
The ongoing conflict in Iran may continue to affect economic sentiment and inflation expectations in Canada and beyond.
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