Bank of Canada's Q4 Business Outlook Survey reveals a notable shift in sentiment. The overall index climbed to -1.8 from the previous -2.3, signaling improving confidence among businesses. More significantly, the Future Sales outlook surged dramatically to 13.00, a sharp reversal from the prior reading of -2.00. This swing from negative to solidly positive territory on sales expectations suggests growing optimism about near-term economic activity. Such macro turning points often ripple through asset markets, including crypto, as they influence risk appetite and capital allocation decisions.
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MrDecoder
· 9h ago
Bank of Canada data turns positive? The crypto circle should be happy now; increased risk appetite is a positive signal.
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gaslight_gasfeez
· 9h ago
Wow, sales expectations jumped from -2 directly to 13. This turnaround is really intense. It seems the Canadian crypto circle is really about to take off.
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0xOverleveraged
· 9h ago
Canada's recent data reversal is quite strong; sales prospects have shifted from negative to positive, and it feels like the market is about to move.
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RugPullAlertBot
· 9h ago
Canada's data has improved this time, is the crypto market about to take off? It all feels superficial; let's wait and see how it develops later.
Bank of Canada's Q4 Business Outlook Survey reveals a notable shift in sentiment. The overall index climbed to -1.8 from the previous -2.3, signaling improving confidence among businesses. More significantly, the Future Sales outlook surged dramatically to 13.00, a sharp reversal from the prior reading of -2.00. This swing from negative to solidly positive territory on sales expectations suggests growing optimism about near-term economic activity. Such macro turning points often ripple through asset markets, including crypto, as they influence risk appetite and capital allocation decisions.