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Iran War Hampered Business Confidence, Drove up Price Expectations: Bank of Canada
- The Bank of Canada's recent survey shows the Iran War dragged down business confidence last quarter, as geopolitical uncertainty and rising input costs weighed on sales expectations for firms outside the Prairies.
- Spiking energy prices tied to the conflict caused inflation expectations to soar, with 44 per cent of businesses anticipating inflation rising by more than three per cent over the next two years.
- Recession fears among businesses nearly doubled to 17 per cent, while the business outlook survey indicator fell to minus 0.39, reflecting softer sentiment during the quarter.
- Oil producers are ramping up capital spending plans amid higher energy prices, while Trans Mountain Corp.'s chief executive expects the main pipeline to remain full as Asian buyers turn to Canada.
- Following a mid-June peace deal, inflation expectations have eased somewhat, and businesses report less uncertainty regarding trade with the United States as export outlooks improve.
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The war in Iran has both undermined business confidence and boosted inflation expectations, revealed the Bank of Canada in a new series of business outlook surveys published on Monday.
·Montreal, Canada
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Mortgage Rates & Mortgage Broker News in CanadaReposted by 
Financial Post
Financial PostBank of Canada surveys show war boosted inflation expectations, investment
The war in Iran caused a spike in Canadian inflation expectations and is leading the country’s oil producers to boost their investment and production plans.
The Toronto Star+8 Reposted by 8 other sources
Iran war hampered business confidence, drove up price expectations: Bank of Canada
OTTAWA - The Iran war both hampered business confidence and sent inflation expectations soaring, the Bank of Canada revealed in a new set of business outlook surveys published Monday.
·Toronto, Canada
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Canadian firms' inflation outlook eased after Iran ceasefire, BoC ...
·New York, United States
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Total News Sources18
Leaning Left6Leaning Right1Center6Last UpdatedBias Distribution46% Left, 46% Center
Bias Distribution
- 46% of the sources lean Left, 46% of the sources are Center
46% Center
L 46%
C 46%
Factuality
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