Companies expecting better export growth despite U.S. election uncertainty: poll
OTTAWA — A new Bank of Canada survey suggests while companies are anticipating modestly better days ahead for exports, they’re also bracing for slower U.S. growth due to uncertainty about the outcome of the presidential election.
The central bank’s latest business outlook survey shows Canada’s biggest trading partner is still seen by firms as the main driver of positive expectations for exports.
But the poll also finds that Canadian companies are also expecting U.S. growth to be slower overall — a view often linked to a presidential campaign that has helped stir up protectionist sentiment.
“In this context, some firms noticed a recent soft patch in demand for their products and services from clients south of the border,” the bank’s report said.