Bank of Canada: Canadian companies’ inflation expectations have eased after the Iran ceasefire

"Inflation expectations have fallen. During this quarter, the period after the United States and Iran signed a temporary agreement in mid-June saw the lowest inflation expectations." This business outlook survey was conducted in May, before the United States and Iran signed the peace agreement. Its results largely reflect that businesses were once concerned that high oil prices would erode demand, economic growth, sales, and prices. However, a separate follow-up survey of business leaders indicates that these worries are fading. Expand