The Business Outlook Survey was conducted by in-person, video and phone interviews from May 1 to 21, 2026. The Business Leaders’ Pulse is conducted online every month; the latest results are from April, May and June 2026. This quarter’s publication also includes results from special consultations with business leaders and industry experts in the oil and gas sector. • Overall business sentiment has deteriorated after improving over the past three quarters. • Sales outlooks have softened slightly, reflecting a slowdown in business and consumer spending associated with rising fuel-related costs and heightened ... (full story)

Consumers’ perceptions of current inflation and expectations for inflation over the next 12 months were little changed, while two-year-ahead expectations rose slightly (Chart 1, blue, yellow and green lines). Near-term expectations remain above levels seen before the start of trade tensions. Expectations for inflation over the next five years edged up after easing in recent quarters (Chart 1, red line). The share of consumers expecting inflation to be above 3% over the next 12 months increased slightly from last quarter (Chart 2, red and orange bars). Consumers continued to cite tariffs and trade tensions as the most ... (full story)