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Bloomberg

Firms See Canada Escaping Worst Tariff Outcomes, Survey Shows

By and Randy Thanthong-Knight Save Uncertainty about US President Donald Trump's trade policy is curbing Canadian business investment and consumer spending, even though firms see the economy avoiding a bad recession, central bank surveys show. In the first quarterly reports since the Bank of Canada paused rate cuts in April, businesses and consumers appear to have adopted policymakers' cautious stance amid rapidly changing tariff and trade policy. Firms slowed hiring and investment, while Canadians tightened their belts due to fear of job losses.