U.S. Business Executives Sentiment on the Strength of the Canadian Economy Weakens
The semi-annual study suggests that U.S. business executives' sentiment on the Canadian economy is at an all-time low.
Key Points:
- The semi-annual study suggests that U.S. business executives' sentiment on the Canadian economy is at an all-time low.
- However, sentiment regarding Canada's business investment environment continues to track upwards in fact, it's up 11 points since April 2021.
- The research also shows a decline in sentiment on the outlook of the Canadian economy with participating U.S. business executives eight times more likely to say that the Canadian economy will become weaker (66%) rather than stronger (8%) in in the next six months.
- Despite that decrease and the declining sentiment on the outlook of the Canadian economy, about one in two participating U.S. business executives (53%) still expect an increase in their sales in Canada over the next six months.