Pandemic takes a heavy toll on oil sector and consumer businesses, Bank of Canada survey shows [Toronto Globe and Mail (Ontario, Canada)]
Royal Bank Of Canada (RY)
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Source: Toronto Globe and Mail
Pandemic takes a heavy toll on oil sector and consumer businesses, Bank of Canada survey shows The Bank of Canada says workers were feeling upbeat about job prospects, while employers felt otherwise in the weeks before COVID-19 delivered a shock to the Canadian economy. The Canadian Press The Bank of Canada says workers were feeling upbeat about job prospects, while employers felt otherwise in the weeks before COVID-19 delivered a shock to the Canadian economy. The Bank of Canada’s latest poll of Canadian businesses shows the COVID-19 crisis has inflicted severe damage on the oil and gas sector and many consumer-oriented businesses – but that conditions were deteriorating even before the pandemic hit. The central bank conducted interviews with “a small sample” of businesses and industry groups from March 13 through 17, and oil and gas companies specifically from March 12 through 18, as a follow-up to its regular quarterly business outlook survey, which concluded in early March. Tho
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