BOC Q2 business outlook futures sales 5.00 vs 16.00 prior

4 July 2016, 18:55
Sherif Hasan
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)

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