{"id":34518,"date":"2023-01-17T10:48:50","date_gmt":"2023-01-17T15:48:50","guid":{"rendered":"https:\/\/globalriskinstitute.org\/?post_type=publication&#038;p=34518"},"modified":"2023-01-17T10:48:59","modified_gmt":"2023-01-17T15:48:59","slug":"bank-of-canadas-business-outlook-survey-fourth-quarter-of-2022","status":"publish","type":"publication","link":"https:\/\/globalriskinstitute.org\/publication\/bank-of-canadas-business-outlook-survey-fourth-quarter-of-2022\/","title":{"rendered":"Bank of Canada&#8217;s Business Outlook Survey\u2014Fourth Quarter of 2022"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"34518\" class=\"elementor elementor-34518\" data-elementor-post-type=\"publication\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-547bf555 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"547bf555\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-31acd0bc\" data-id=\"31acd0bc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e5d52bb elementor-widget elementor-widget-text-editor\" data-id=\"e5d52bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Results from the fourth-quarter 2022 Business Outlook Survey and the Business Leaders\u2019 Pulse surveys from October 2022 through January 2023 show that business sentiment has continued to weaken. As a result of rising interest rates, firms\u2019 sales expectations and investment plans are softening. Capacity pressures have moderated from elevated levels. In this context, firms expect a slower pace of price increases.<\/p><p><strong>Overview<\/strong><br \/>Rising interest rates are dampening firms\u2019 sales expectations and plans to invest (Box 1). Firms also link their weaker outlook on demand to high inflation eroding consumers\u2019 spending power and to the possibility of a recession. More businesses than usual expect their sales to decline.<br \/>Amid softer demand and recent improvements in supply chain issues, pressures on businesses\u2019 production capacity have eased from high levels.<br \/>Firms continue to expect inflation to be above the Bank of Canada\u2019s inflation target in the short term. Businesses anticipate slower growth in their input and output prices, mainly due to falling commodity prices and weakening demand. Many firms are gradually returning to price-setting practices they used before the pandemic. In particular, they are reducing the size and frequency of their price changes relative to the past year.<\/p><p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">To read the full report visit\u00a0 <a href=\"https:\/\/www.bankofcanada.ca\/2023\/01\/business-outlook-survey-fourth-quarter-of-2022\/\">https:\/\/www.bankofcanada.ca\/2023\/01\/business-outlook-survey-fourth-quarter-of-2022\/<\/a><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Results from the fourth-quarter 2022 Business Outlook Survey and the Business Leaders\u2019 Pulse surveys from October 2022 through January 2023 show that business sentiment has continued to weaken. As a [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":34519,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"categories":[56,55],"tags":[81],"content_type":[20],"access_rule":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of Canada&#039;s Business Outlook Survey\u2014Fourth Quarter of 2022 - Global Risk Institute<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/globalriskinstitute.org\/publication\/bank-of-canadas-business-outlook-survey-fourth-quarter-of-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Canada&#039;s Business Outlook Survey\u2014Fourth Quarter of 2022 - Global Risk Institute\" \/>\n<meta property=\"og:description\" content=\"Results from the fourth-quarter 2022 Business Outlook Survey and the Business Leaders\u2019 Pulse surveys from October 2022 through January 2023 show that business sentiment has continued to weaken. 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