The Bank of Canada Business Outlook survey sales measure fell slightly but it had some positive signs.
- Survey showed positive signs for exports and investment but was tempered by weak demand and domestic uncertainty
- Responses more positive from firms that benefit from global activity
- Balance of opinion on investment intentions +19 vs +7 prior
- Hiring intentions +42 vs +30 prior
- Firms expecting ‘some difficulty’ meeting demand 34% vs +48% prior
- Inflation expectations virtually unchanged
- Full report (pdf)
The hiring and investment intentions numbers gave the Canadian dollar a small boost, knocking USD/CAD to the lows of the day at 1.0864.
