Trade conflict, a weaker job market and demographics to weigh on consumption
High trade costs, ongoing uncertainty weighs on corporate planning, investment
However, concerns about tariffs and recession risks persist
Rate cut unlikely next week, but Bank of Canada could still ease this year
Robust trading activity amid high market volatility boosts banks' earnings
28% of firms surveyed in Q2 said they expect a recession
Decline wipes out gains from previous month, as tariff concerns, economic uncertainty weigh on sentiment
Auto sales saw the sharpest decline, followed by spending at home and garden centres
Revenues and earnings decline in the second quarter amid growing economic uncertainty
Tariff-related anxiety eased, with fewer Americans expecting a recession in the next year