Highlights of the Bank of Canada business outlook survey
- Prior was 16.00
- Prospects 'remain dim' among energy-related firms
- Prospects are more solid outside the affected oil regions and sectors
- Sees further investment cuts at oil companies
- Capacity pressures lower on 'substantial labor slack'
- Boost from foreign demand insufficient to offset drag from commodities and soft domestic growth
- Balance of opinion on investment in machinery and equipment was unchanged at 9.0
- Hiring intentions fell to 21.0 from 26.0
- Full report (pdf)
