The Bank of Canada’s latest Business Outlook Survey reveals a cautious sentiment among GTA businesses, reflecting ongoing concerns about trade tensions and their impact on the economy. While business sentiment has slightly improved from its 2025 low, weak sales growth remains a key challenge. One-third of businesses reported a decline in sales volumes over the past year, exceeding the historical average. Export challenges persist, with soft US demand and trade policy uncertainty restraining sales despite compliance with the Canada-United States-Mexico Agreement. Investment intentions are edging up, but mainly focused on routine maintenance rather than expansion. Interestingly, fewer firms anticipate significant increases in input and selling prices. While recession concerns have eased slightly, businesses remain vigilant. For a deeper dive into the survey’s findings and their implications for the GTA’s economic outlook, read the full article on mpamag.com.
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