Bank of Canada survey: business sentiment worsens, inflation expectations rise

The Bank of Canada's business outlook survey shows deteriorating business sentiment alongside rising inflation expectations, a combination that could push the central bank toward a larger rate hike. Higher-than-expected tightening would raise borrowing costs and pressure risk assets, including crypto. Traders should watch BoC communication for confirmation, since a hawkish surprise would likely weigh on BTC and broader digital-asset sentiment.