The Bank of Canada published its Business Outlook Survey for the third quarter. The report compiles data from senior managers at about 100 Canadian companies, representing the business-sector GDP of the country.
Market participants are evaluating the survey results to determine the likelihood of a 25 basis point interest rate hike. Current market sentiment reflects a 33% probability for this policy adjustment.
Investors are now focusing on upcoming inflation and employment data. Comments from Bank of Canada officials, including Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers, remain key factors.
Global oil price fluctuations are also under observation. These changes, alongside domestic economic indicators, will influence the central bank's monetary policy decision scheduled for October 2026.
