The Bank of Canada reported improved business sentiment in its survey published on 19 October. Interviews ran from 6 August to 2 September; most preceded the breakdown in Canada–US trade talks. Sales expectations strengthened, while hiring plans remained subdued.

Later evidence showed renewed tariffs weighing on business outlooks. Firms cited energy costs and trade tensions in their price expectations. The results describe surveyed firms’ views; they are neither realised economic growth nor an October inflation reading.