By Paul Vieira
OTTAWA--Canadian business executives fear a pickup in inflation with President-elect Donald Trump coming to power and promising tariffs on America's closest trading partners, according to a Bank of Canada survey of executives.
An online survey conducted in December, involving over 900 business executives, also indicated that some firms have revised lower their sales outlook, and scaled back investment and hiring plans, based on President-elect Donald Trump's threat to impose a tariff of up to 25% on imports from Canada and Mexico.
"Uncertainty about the effects of the new U.S. administration is prevalent," the survey said.
Write to Paul Vieira at paul.vieira@wsj.com
(END) Dow Jones Newswires
01-20-25 1045ET