Inflation targeting has been successful in Canada over the past 30 years. But is it the best we can do? The Bank of Canada asks itself, and Canadians, that question every five years.
Results from the winter Business Outlook Survey suggest that business sentiment is broadly positive except in the Prairies, where indicators remain weak. In aggregate, firms’ outlook is supported by expectations of healthy domestic and foreign sales.
Survey results suggest that consumers’ inflation expectations declined slightly in the fourth quarter of 2019. Consumers’ expectations for their wage growth were largely the same as in the previous survey. Consumer expectations for house price growth went up somewhat in Canada.
This article presents the key results from the autumn 2019 Bank of Canada Financial System Survey, conducted September 24 and October 11, 2019. This survey included special questions on climate change risk.