Nathan Janzen, the senior economist at the Royal Bank of Canada (RBC), notes that Canada's business sentiment somewhat unexpectedly improved in the Bank of Canada’s (BoC)) autumn Business Outlook Survey, which was released on Tuesday.

• “Businesses did cite, as expected, concerns about the US industrial sector amid escalating US-China trade tensions. Indeed, some firms now reportedly expect a “small US recession” over the next year. But foreign demand appears to be holding up, to date.”