Bank of Canada deputy governor says trade uncertainty restraining investment
QUEBEC — Uncertainty on the trade front is restraining business investment, a senior Bank of Canada official said Thursday.
Deputy governor Sylvain Leduc said in a speech in Quebec City that the central bank expects business investment to increase, but not as much as it could without such uncertainty.
“That said, business sentiment and investment intentions remain positive, suggesting that firms are getting on with business and adjusting to this more volatile environment,” Leduc said according to a prepared text released in Ottawa.
“As such, the greater-than-expected increase in imports of machinery and equipment in the first three months of the year bodes well for business investment growth.”