investment decisions: The BoC was overly optimistic about growing strength in exports and business investment, neither of which picked up as expected, according to The Toronto Star. We were trying to capture something that is quite ephemeral, business sentiment, which translates into investment decisions, Stephen Poloz, the Bank of Canada governor, said last week about the bank's optimistic outlook. But the actual numbers came in at 0.4 per cent and 0.3 per cent, respectively, which got some analysts worrying about a recession. Sean Kilpatrick / THE CANADIAN PRESS We were trying to capture something that is quite ephemeral, business sentiment, which translates into investment decisions, Stephen Poloz, the BoC governor, said last week. You can see how unanticipated disruptions could make a hash of that forecast, too. The second-half rebound the BoC now forecasts is based on an expected housing-market recovery, wage gains and a revival in the global economy.
(news.financializer.com). As
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