Monica Martin

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Staff working papers

The Bank of Canada's Business Outlook Survey: An Assessment

Staff Working Paper 2004-15 Monica Martin, Cristiano Papile
Since the autumn of 1997, the Bank of Canada's regional offices (located in Halifax, Montréal, Toronto, Calgary, and Vancouver) have conducted consultations with businesses across Canada on a quarterly basis. These consultations are now referred to as the Business Outlook Survey (BOS).
Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Domestic demand and components JEL Code(s): E, E3, E32, E6, E66

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Bank publications

Bank of Canada Review articles

May 23, 2004

The Bank of Canada's Business Outlook Survey

Bank of Canada Review - Spring 2004 Monica Martin
Since the autumn of 1997, the regional offices of the Bank of Canada have conducted quarterly consultations with businesses across Canada. Timed to feed into the process that precedes the Bank's fixed dates for announcing monetary policy decisions, the consultations (now referred to as the Business Outlook Survey) are structured around a questionnaire which is sent to 100 firms that reflect the Canadian economy in terms of region, type of business activity, and firm size. Martin describes both the consultation process and the questionnaire and makes an initial assessment of the data gathered during the business interviews. The article includes charts and correlation tables that illustrate the responses to the key questions included in the survey.
Content Type(s): Publications, Bank of Canada Review articles Topic(s): Business fluctuations and cycles, Regional economic developments

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