Trade uncertainty appears to be taking a toll on Canadian business and consumer confidence.
The Bank of Canada’s business outlook survey says 32 per cent of firms are planning with the assumption that a recession will occur in Canada over the coming year — up from 15 per cent over the past two quarters.
Meanwhile, the Canadian survey of consumer expectations says concerns about job security increased because of the trade conflict.
The reports come ahead of the Bank of Canada’s interest rate decision next week.
