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Canadian Business Outlook Survey—Third Quarter of 2025
The Business Outlook Survey was conducted by in-person, video and phone interviews from August 7 to September 3, 2025. The large majority of interviews were conducted before the announcement of the removal of certain Canadian counter-tariffs. The Business Leaders’ Pulse is conducted online every month; the latest results are from July, August and September 2025. This quarter’s publication also includes results from Governing Council outreach as well as special consultations with businesses and industry organizations in trade-sensitive sectors. Overview • Firms’ outlooks and intentions remain subdued despite a ... (full story)
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Canadian Survey of Consumer Expectations—Third Quarter of 2025
The Canadian Survey of Consumer Expectations was conducted through an online panel from July 31 to August 21, 2025. The survey took place before the Canadian government announced it would remove some counter-tariffs. Follow-up phone interviews took place from August 22 to 28, 2025. Overview • Tariffs and trade tensions continue to affect consumers’ spending plans and perceptions about their financial health. Many survey respondents expressed a desire to prioritize spending on Canadian goods and vacations in Canada. • Consumers saw a further deterioration in the labour market in the third quarter, driven in part ... (full story)
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BoC Survey: Q3 business service indicator -2.28 from -2.40 in Q2 (revised from -2.42).
— FinancialJuice (@financialjuice) October 20, 2025
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BANK OF CANADA SURVEY: 27% OF FIRMS REPORTED OUTRIGHT DECLINE IN SALES OVER PREVIOUS 12 MONTHS, UP FROM 24% IN Q2 || 18% OF FIRMS EXPECT INFLATION TO BE ABOVE 3% FOR NEXT 2 YEARS, DOWN FROM 23% IN Q2
— First Squawk (@FirstSquawk) October 20, 2025
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BANK OF CANADA SURVEY: 33% OF FIRMS EXPECT CANADA TO BE IN A RECESSION OVER THE NEXT YEAR, UP FROM 28% IN Q2 || 35% OF FIRMS EXPECT LOWER LABOR COSTS OVER NEXT 12 MONTHS, 14% SEE HIGHER LABOR COSTS
— First Squawk (@FirstSquawk) October 20, 2025
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