1503 ET - Oxford Economics' head Canada analyst, Tony Stillo, says he's not putting a lot of weight on sentiment indexes that suggest confidence among households and firms have recovered from tariff-fueled record lows. Stillo says Canada is now in a recession that could last through 2025. Stillo tells reporters at an Oxford-hosted briefing that confidence indicators tend to bounce around along a band, or standard line. "When confidence is low, bouncing along the bottom doesn't change actual spending behavior," Stillo says. He says sentiment gauges would need to show a "sustained and significant" improvement before Oxford reconsiders its Canada recession call. (paul.vieira@wsj.com; @paulviera)
(END) Dow Jones Newswires
July 29, 2025 15:03 ET (19:03 GMT)
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