The Daily Chase: Awaiting Bank of Canada Business Outlook Survey; Clearco CEO steps down
BNN Bloomberg
We're awaiting a fresh read on business and consumer sentiment this morning, with the Bank of Canada's Business Outlook Survey and Survey of Consumer expectations hitting the tape at 10:30 a.m. EST.
SPEAKING OF CONSUMER INFLATION WOES…
Sticking with that theme, looks like a combination of sky-high inflation and rising rates are taking a serious toll on how Canadians view their personal finances. The latest MNP Consumer Debt Survey shows nearly half of respondents are concerned about their current debt levels (and a similar potion regret the amount they've taken on,) sending the index to an all-time low. Turning our attention to the oft-cited metric in this report, 45 per cent of respondents say they're $200 away from not being able to meet their financial obligations, but as always, it's worth noting that this is a *sentiment* survey, and that nearly half of Canadians are unlikely to be that close to the financial edge.
CLEARCO SLASHES MORE JOBS, ROMANOW TO RELINQUISH CEO ROLE
