Canada business sentiment negative

Updated 07 Jul 2020

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OTTAWA: Business sentiment in Canada is “strongly negative” even as coronavirus restrictions have eased, though roughly half the companies surveyed expect their sales to recover to pre-pandemic levels within 12 months, a Bank of Canada survey showed on Monday.

The widespread negative sentiment caused by the coronavirus shutdown and the drop in oil prices led the Bank of Canada’s business outlook indicator to plunge sharply, nearing the low experienced during the 2007-09 global financial crisis.

Published in Dawn, July 7th, 2020