<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Firms see rising interest rates and high prices as main triggers of a recession</label>
    <description><![CDATA[What do you think will most likely trigger a recession?* (share of firms)

* Respondents were asked to select all that apply. Additional options not shown here include Other and I don't think there will be a recession in the next 12 months. Results shown here are for August and September 2022.

Business Leaders’ Pulse]]></description>
    <link>https://www.bankofcanada.ca/?p=228603</link>
</groupDetail>
<seriesDetail>
<series id="BOS_2022Q3_C10_S1">
<label>Recession triggers</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Interest rates increasing substantially"><v s="BOS_2022Q3_C10_S1">73</v></o>
<o k="High prices affecting consumers’ capacity to spend"><v s="BOS_2022Q3_C10_S1">69</v></o>
<o k="Loss of confidence in the economy"><v s="BOS_2022Q3_C10_S1">47</v></o>
<o k="Wages not keeping up with inflation"><v s="BOS_2022Q3_C10_S1">43</v></o>
<o k="Insufficient household savings to support consumer demand"><v s="BOS_2022Q3_C10_S1">33</v></o>
<o k="Falling house prices"><v s="BOS_2022Q3_C10_S1">27</v></o>
<o k="Labour market weakening"><v s="BOS_2022Q3_C10_S1">14</v></o>
</observations>
</data>