Businesses and consumers are expecting inflation to slow faster than they previously thought — but as high-interest rates weigh on the economy, they’re also adjusting their finances to account for the slowdown. That’s according to the Bank of Canada’s first-quarter business outlook and consumer expectations surveys, released earlier this week. But as Anne Gaviola reports, economists’ opinions on whether Canada’s economy is headed for a hard or soft landing are mixed.
- Risk of ‘hard landing’ for global economy has ‘risen sharply,’ IMF warns
- Bank of Canada expected to hold interest rate again as inflation cools
- Recession fears continue to weigh on economic outlooks, Bank of Canada surveys show