The Bank of Canada has released the results of its Q2 survey:
- Notes concerns about domestic demand
- Firms less upbeat than in Q1
- Gradually improving US demand bodes well for sales but US growth will be slow
- Investment intentions slightly weaker than in Q1
- Hiring intentions slightly higher
- Senior loan officer survey shows continued easing in overall business lending conditions
No reaction from CAD but the tone is generally downcast. Given the optimism from central banks and in markets, you would expect businesses to be in a better mood.
