"TERMS AND CONDITIONS" "https://www.bankofcanada.ca/terms/" "NAME" "Business Outlook Survey" "DESCRIPTION" "A summary of interviews conducted by the Bank's regional offices with the senior management of about 100 firms, selected in accordance with the composition of Canada's gross domestic product." "The survey's purpose is to gather the perspectives of these businesses on topics of interest to the Bank of Canada (such as demand and capacity pressures) and their forward-looking views on economic activity." "LINK" "https://www.bankofcanada.ca/?p=224589 " "SERIES" "id","label","description","dimension_key","dimension_name" "LABSHORTYES","Yes (% of firms)","Labour Shortages - Does your firm face any shortages of labour that restrict your ability to meet demand?","date","date" "LSI","Balance of Opinion","Intensity of Labour Shortages - Compared with 12 months ago, are labour shortages generally…","date","date" "LSILESS","Less intense","Intensity of Labour Shortages - Compared with 12 months ago, are labour shortages generally…","date","date" "LSIMORE","More intense","Intensity of Labour Shortages - Compared with 12 months ago, are labour shortages generally…","date","date" "BOS_2021Q4_C2_S1","Firms with supply chain bottlenecks","","date","date" "BOS_2021Q4_C2_S2","Firms with labour bottlenecks","","date","date" "FSI","Balance of Opinion","Indicators of Future Sales - Compared with 12 months ago, have your recent indicators (order books, advanced bookings, sales inquiries, etc.)…","date","date" "FSIDETERIORATED","Deteriorated (%)","Indicators of Future Sales - Compared with 12 months ago, have your recent indicators (order books, advanced bookings, sales inquiries, etc.)…","date","date" "FSIIMPROVED","Improved (%)","Indicators of Future Sales - Compared with 12 months ago, have your recent indicators (order books, advanced bookings, sales inquiries, etc.)…","date","date" "FUTURESALES","Balance of Opinion","Future Sales Growth - Over the next 12 months, the rate of increase in your firm’s sales volume (compared with the past 12 months) is expected to be…","date","date" "FUTURESALESGREATER","Greater (%)","Future Sales Growth - Over the next 12 months, the rate of increase in your firm’s sales volume (compared with the past 12 months) is expected to be…","date","date" "FUTURESALESLESSER","Less (%)","Future Sales Growth - Over the next 12 months, the rate of increase in your firm’s sales volume (compared with the past 12 months) is expected to be…","date","date" "BOS_2021Q4_C4_S1","Domestic sales","","k","category" "BOS_2021Q4_C4_S2","Export sales*","","k","category" "CAPACITYSIGNIF","Significant difficulty (% of firms)","Ability to Meet Demand - How would you rate the current ability of your firm to meet an unexpected increase in demand?","date","date" "CAPACITYSOME","Some difficulty (% of firms)","Ability to Meet Demand - How would you rate the current ability of your firm to meet an unexpected increase in demand?","date","date" "INVESTMACHEQUIP","Balance of Opinion","Investment in Machinery and Equipment - Over the next 12 months, your firm’s investment spending on M&E (compared with the past 12 months) is expected to be…","date","date" "INVESTMACHEQUIPHIGHER","Higher (%)","Investment in Machinery and Equipment - Over the next 12 months, your firm’s investment spending on M&E (compared with the past 12 months) is expected to be…","date","date" "INVESTMACHEQUIPLOWER","Lower (%)","Investment in Machinery and Equipment - Over the next 12 months, your firm’s investment spending on M&E (compared with the past 12 months) is expected to be…","date","date" "EMPLOY","Balance of Opinion","Future Employment Level - Over the next 12 months, your firm’s level of employment is expected to be…","date","date" "EMPLOYHIGHER","Higher (%)","Future Employment Level - Over the next 12 months, your firm’s level of employment is expected to be…","date","date" "EMPLOYLOWER","Lower (%)","Future Employment Level - Over the next 12 months, your firm’s level of employment is expected to be…","date","date" "COSTS","Balance of opinion *","Wage Growth - Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same rate as over the past 12 months?","date","date" "COSTSHIGHER","Higher","Wage Growth - Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same rate as over the past 12 months?","date","date" "COSTSLOWER","Lower","Wage Growth - Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same rate as over the past 12 months?","date","date" "BOS_2021Q4_C9_S1","2021Q3","","k","category" "BOS_2021Q4_C9_S2","2021Q4","","k","category" "INPUTS","Balance of Opinion","Input Price Inflation - Over the next 12 months, are prices of products/services purchased expected to increase at a greater, lesser, or the same rate as over the past year?","date","date" "INPUTSGREATER","Increase at a greater rate (%)","Input Price Inflation - Over the next 12 months, are prices of products/services purchased expected to increase at a greater, lesser, or the same rate as over the past year?","date","date" "INPUTSLESSER","Increase at a lesser rate (%)","Input Price Inflation - Over the next 12 months, are prices of products/services purchased expected to increase at a greater, lesser, or the same rate as over the past year?","date","date" "OUTPUTS","Balance of Opinion","Output Price Inflation - Over the next 12 months, are prices of products/services sold expected to increase at a greater, lesser, or the same rate as over the past year?","date","date" "OUTPUTSGREATER","Increase at a greater rate (%)","Output Price Inflation - Over the next 12 months, are prices of products/services sold expected to increase at a greater, lesser, or the same rate as over the past year?","date","date" "OUTPUTSLESSER","Increase at a lesser rate (%)","Output Price Inflation - Over the next 12 months, are prices of products/services sold expected to increase at a greater, lesser, or the same rate as over the past year?","date","date" "ABOVE3","Above 3 per cent (% of firms)","Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index?","date","date" "BELOW1","Below 1 per cent (% of firms)","Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index?","date","date" "INFLNA","No response (% of firms)","Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index?","date","date" "ONETWO","1 to 2 per cent (% of firms)","Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index?","date","date" "TWOTHREE","2 to 3 per cent (% of firms)","Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index?","date","date" "BOS_2021Q4_C12_S3","BOS indicator*","","date","date" "BOS_2021Q4_C12_S2","Contributions to BOS indicator from all other indicators","","date","date" "BOS_2021Q4_C12_S1","Contributions to BOS indicator from capacity indicators","","date","date" "OBSERVATIONS BY DIMENSION: DATE" "date","LABSHORTYES","LSI","LSILESS","LSIMORE","BOS_2021Q4_C2_S1","BOS_2021Q4_C2_S2","FSI","FSIDETERIORATED","FSIIMPROVED","FUTURESALES","FUTURESALESGREATER","FUTURESALESLESSER","CAPACITYSIGNIF","CAPACITYSOME","INVESTMACHEQUIP","INVESTMACHEQUIPHIGHER","INVESTMACHEQUIPLOWER","EMPLOY","EMPLOYHIGHER","EMPLOYLOWER","COSTS","COSTSHIGHER","COSTSLOWER","INPUTS","INPUTSGREATER","INPUTSLESSER","OUTPUTS","OUTPUTSGREATER","OUTPUTSLESSER","ABOVE3","BELOW1","INFLNA","ONETWO","TWOTHREE","BOS_2021Q4_C12_S3","BOS_2021Q4_C12_S2","BOS_2021Q4_C12_S1" "1999Q1","31","","","","","","","","","25","49","24","","","-3","34","37","18","38","20","13","25","13","-14","16","30","-9","22","30","","","","","","","","" "1999Q2","68","","","","","","","","","14","43","30","","","19","34","16","35","49","14","26","32","7","23","36","13","10","27","18","","","","","","","","" "1999Q3","36","","","","","","","","","6","41","35","11","38","2","29","27","23","38","15","25","32","7","-3","22","25","7","29","22","","","","","","","","" "1999Q4","44","","","","","","","","","43","58","16","9","38","28","50","22","38","50","12","26","34","8","6","24","18","2","24","22","","","","","","","","" "2000Q1","43","","","","","","","","","31","51","21","13","41","11","38","27","33","46","13","35","39","4","9","26","17","15","29","14","","","","","","","","" "2000Q2","66","","","","","","","","","-6","29","35","6","52","8","29","22","36","52","15","50","53","3","27","41","14","5","26","22","","","","","","","","" "2000Q3","56","","","","","","","","","7","36","29","13","43","26","45","19","35","47","12","37","44","8","8","28","20","6","28","22","","","","","","","","" "2000Q4","59","","","","","","","","","2","36","34","8","35","16","42","26","27","44","17","45","48","3","6","26","20","6","27","21","","","","","","","","" "2001Q1","51","","","","","","","","","-1","41","42","12","37","13","37","24","31","43","13","32","43","10","-10","20","30","-5","24","29","","","","","","","","" "2001Q2","48","","","","","","","","","5","34","30","0","35","-3","33","37","17","34","17","15","31","15","-5","23","28","-17","23","40","8","0","6","25","62","","","" "2001Q3","35","6","16","22","","","","","","-6","31","37","4","19","-6","30","36","11","31","20","11","28","17","-30","9","39","-5","25","30","2","1","8","34","55","","","" "2001Q4","35","-25","42","17","","","","","","-3","36","39","1","34","-15","23","38","1","28","27","-21","16","37","-33","12","45","-27","15","41","2","5","3","59","31","","","" "2002Q1","31","-22","29","7","","","","","","29","57","27","4","26","-7","24","32","26","44","18","9","26","17","-8","21","29","-11","23","34","2","2","1","62","33","","","" "2002Q2","39","2","19","22","","","","","","31","49","19","4","39","14","34","20","38","48","11","16","28","13","8","25","17","14","34","20","4","2","5","28","60","","","" "2002Q3","38","-2","20","18","","","","","","11","44","33","6","35","23","42","19","31","47","16","19","30","10","17","30","12","12","32","19","5","1","1","32","61","","","" "2002Q4","40","1","21","22","","","","","","17","45","28","4","33","15","40","26","22","40","18","9","22","13","13","33","20","-2","28","30","9","0","1","27","63","","","" "2003Q1","36","-9","24","14","","","","","","20","47","27","6","35","2","32","29","34","47","13","23","31","8","6","31","25","-1","25","26","26","1","1","15","57","","","" "2003Q2","31","-3","15","11","","","","","","14","43","29","7","34","-3","25","28","18","33","15","2","22","20","-11","23","35","-7","26","33","5","0","1","39","55","","","" "2003Q3","34","15","14","28","","","34","22","55","22","48","26","6","29","2","30","28","33","43","10","6","19","13","-17","17","34","3","26","23","4","0","1","43","52","-0.67","-0.49","-0.17" "2003Q4","30","4","8","12","","","45","12","58","32","54","22","6","32","11","31","20","27","41","14","9","22","13","-4","19","23","-19","16","35","3","1","2","40","54","-0.86","-0.57","-0.29" "2004Q1","36","8","13","21","","","31","21","52","18","46","28","4","27","7","34","27","31","45","14","24","29","6","-11","22","32","-4","29","33","5","0","3","45","47","-0.96","-0.55","-0.41" "2004Q2","37","16","8","24","","","40","17","56","24","46","21","8","38","23","42","19","32","47","15","29","36","7","20","43","22","-4","29","33","17","0","6","21","55","0.72","0.37","0.36" "2004Q3","44","37","6","43","","","34","20","54","22","48","26","10","33","17","41","23","33","44","11","19","28","9","-1","32","33","10","32","22","9","0","4","33","54","0.82","0.22","0.60" "2004Q4","36","25","10","34","","","40","15","55","8","42","34","7","38","22","45","23","38","50","12","18","27","9","-23","17","40","-15","21","36","12","0","3","29","56","0.25","-0.04","0.30" "2005Q1","33","22","3","25","","","48","9","57","20","44","24","11","27","17","39","22","39","50","11","14","24","10","1","26","25","8","31","23","4","0","3","33","60","0.95","0.96","-0.01" "2005Q2","36","33","7","40","","","33","24","57","20","45","25","9","35","21","44","23","32","46","14","11","24","13","0","28","28","-2","23","26","7","1","6","18","68","0.66","0.31","0.35" "2005Q3","50","41","5","46","","","32","16","48","14","39","25","10","36","20","39","19","50","59","9","31","35","4","28","43","15","11","34","23","27","0","3","10","60","2.44","1.48","0.95" "2005Q4","49","48","6","54","","","44","15","59","16","41","25","15","35","19","43","24","50","58","9","34","43","9","17","34","17","3","29","26","19","0","6","14","61","2.50","1.26","1.24" "2006Q1","44","57","3","59","","","39","15","54","3","36","33","12","33","35","51","16","43","50","8","28","37","9","-3","26","29","5","31","26","18","2","2","15","63","1.88","0.96","0.92" "2006Q2","34","66","3","69","","","33","19","51","16","42","26","14","34","27","45","18","35","44","9","27","36","9","7","31","24","7","27","20","22","0","2","15","61","1.34","0.60","0.74" "2006Q3","37","55","2","57","","","39","16","55","3","34","31","15","32","15","35","20","41","51","11","35","41","6","-6","25","31","-8","23","31","20","0","2","15","63","1.07","0.07","1.00" "2006Q4","35","30","10","40","","","29","20","49","7","34","27","14","36","20","40","20","40","50","10","25","35","10","-11","24","35","-2","29","31","11","1","2","26","60","0.79","0.04","0.75" "2007Q1","41","38","13","51","","","22","23","45","14","41","27","18","32","29","48","19","45","51","6","14","31","17","-11","19","30","-3","29","32","10","1","1","28","60","1.55","0.52","1.03" "2007Q2","33","27","11","38","","","25","22","47","12","40","28","14","41","21","40","19","34","46","12","4","21","17","0","20","20","-9","23","32","14","1","2","14","69","0.76","-0.08","0.84" "2007Q3","41","29","7","36","","","29","19","48","3","35","32","12","42","7","32","25","37","45","8","6","25","20","-3","23","25","-4","25","28","12","0","5","16","68","0.12","-0.88","1.00" "2007Q4","41","22","13","35","","","3","30","33","0","38","38","18","42","8","33","25","30","42","12","6","26","20","-6","26","32","2","28","26","12","0","2","30","56","-0.12","-1.33","1.21" "2008Q1","30","18","13","30","","","11","27","38","-2","36","38","15","29","2","28","26","33","45","12","4","27","24","27","43","16","11","35","24","17","0","3","28","52","-0.58","-0.83","0.25" "2008Q2","40","16","17","33","","","5","32","37","4","37","33","9","40","24","40","16","33","44","11","13","30","17","38","51","13","20","42","22","36","0","2","13","50","0.77","0.19","0.58" "2008Q3","36","5","22","27","","","9","34","43","3","37","34","11","36","20","39","18","28","40","12","4","23","19","-15","24","39","-5","30","35","32","1","1","18","48","-1.33","-1.62","0.29" "2008Q4","20","-47","54","7","","","-38","57","18","-34","23","57","7","29","-31","17","48","-8","20","28","-47","11","58","-48","17","66","-23","30","54","3","30","2","43","22","-7.78","-6.56","-1.22" "2009Q1","13","-57","62","5","","","-53","68","15","-22","30","53","1","29","-14","27","41","-1","25","26","-52","6","58","-34","24","57","-35","25","59","4","41","4","37","15","-7.48","-5.65","-1.83" "2009Q2","17","-65","67","2","","","-21","48","27","39","61","23","3","25","-12","27","39","22","39","17","-41","13","53","-15","30","45","-10","29","39","4","11","2","49","35","-5.09","-3.24","-1.85" "2009Q3","16","-48","59","10","","","-9","45","36","53","69","16","5","17","3","34","31","27","42","15","-7","19","26","10","37","27","3","37","34","11","6","0","49","34","-3.37","-1.44","-1.93" "2009Q4","7","-49","57","8","","","24","27","51","50","71","21","3","26","17","42","25","41","54","14","6","28","22","20","42","22","10","38","28","7","9","3","61","20","-1.77","0.15","-1.92" "2010Q1","12","-22","35","13","8","15","36","19","55","44","64","20","4","26","22","43","21","38","50","12","3","32","29","29","46","17","28","45","17","6","0","0","54","40","-0.65","0.73","-1.38" "2010Q2","12","-18","35","17","9","18","50","17","67","25","53","29","4","35","12","38","26","40","50","10","22","35","13","34","48","14","28","47","19","3","2","0","50","45","0.54","1.54","-0.99" "2010Q3","20","-10","33","22","11","18","48","19","66","29","54","26","9","26","36","46","10","25","39","14","15","27","11","20","43","23","29","45","16","5","7","3","53","32","0.93","1.71","-0.78" "2010Q4","16","-6","24","18","13","19","32","22","54","22","51","29","3","35","29","44","15","41","49","8","16","33","16","32","43","11","23","38","15","3","2","4","47","44","1.00","1.79","-0.79" "2011Q1","14","13","12","25","11","27","48","15","64","13","50","38","5","38","24","46","22","37","50","13","26","44","18","39","55","15","14","46","32","15","2","4","21","58","1.14","1.51","-0.37" "2011Q2","25","20","14","34","18","31","42","18","59","20","49","29","5","47","30","48","18","53","57","4","29","43","14","35","50","15","13","36","23","18","1","1","18","62","2.54","2.24","0.30" "2011Q3","25","12","14","26","15","25","26","23","49","6","39","33","8","35","22","41","19","38","52","14","7","23","16","3","27","24","-9","24","34","7","0","5","41","47","0.16","0.24","-0.08" "2011Q4","29","20","14","34","4","30","24","21","46","-4","37","41","10","36","21","40","19","45","54","9","20","35","15","5","28","23","-7","30","37","4","3","1","41","51","0.37","0.11","0.27" "2012Q1","27","21","10","31","8","25","60","7","67","35","58","23","7","32","24","46","22","43","55","12","14","27","13","7","23","16","-1","31","32","5","0","4","28","63","1.36","1.44","-0.07" "2012Q2","29","18","17","35","11","32","34","21","56","15","47","32","8","38","24","43","19","53","59","6","19","27","8","3","24","21","3","26","23","2","0","1","44","53","1.06","0.84","0.22" "2012Q3","33","17","14","31","13","30","20","26","46","0","35","35","3","44","8","37","29","26","44","18","7","23","16","5","28","23","12","34","22","1","2","2","52","43","-0.23","-0.50","0.28" "2012Q4","25","18","11","29","3","21","24","24","47","16","44","28","6","28","20","43","23","28","42","14","3","21","18","3","24","21","-3","22","25","2","0","2","54","42","-0.78","-0.42","-0.37" "2013Q1","22","-4","24","20","7","17","18","26","44","24","50","26","4","33","12","39","27","32","45","13","-1","18","19","6","26","20","-7","23","30","3","0","4","61","32","-1.59","-0.95","-0.64" "2013Q2","20","0","17","17","10","25","22","23","45","9","42","33","4","40","9","35","26","35","44","9","4","17","13","2","26","24","8","31","23","0","5","3","64","28","-0.70","-0.33","-0.37" 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