BoC: Near-term business prospects continue to be robust
|Below are key takeaways from the Bank of Canada's recently published Business Outlook Survey—Autumn 2018.
- The balance of opinion on past sales growth moved down but remains positive, indicating rising sales growth over the past 12 months.
- The indicator of future sales growth increased and is positive, suggesting a faster pace of growth over the next 12 months.
- Firms’ positive sales outlook is underpinned by a solid, broad-based improvement in recent sales indicators.
- Still, many businesses expect their future sales to be limited by capacity constraints (frequently labour-related), competition and regulation.
- After edging down in recent surveys, the balance of opinion on investment intentions rebounded to a high level in the autumn survey.
- Following a steady increase over several surveys, the balance of opinion on employment intentions receded but remains positive across all regions and sectors
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.