<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 7: Weak demand is holding back firms’ plans to invest and hire</label>
    <description><![CDATA[Investment spending: Over the next 12 months, is your firm’s investment spending on machinery and equipment expected to be higher, lower or the same as over the past 12 months?  Number of employees: Over the next 12 months, will the number of employees (full-time equivalent) at your organization (in Canada) be higher, lower or the same?

* Percentage of firms expecting higher investment spending minus the percentage expecting lower investment spending
† Percentage of firms expecting higher employment levels minus the percentage expecting lower employment levels

Source: Business Outlook Survey]]></description>
    <link>https://www.bankofcanada.ca/?p=239538</link>
</groupDetail>
<seriesDetail>
<series id="BOS_2024Q2_C7_S1">
<label>Investment spending, change over the next 12 months (balance of opinion*)</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2024Q2_C7_S2">
<label>Historical average balance of opinion, investment spending</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2024Q2_C7_S3">
<label>Number of employees, change over the next 12 months (balance of opinion†)</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2024Q2_C7_S4">
<label>Historical average balance of opinion, number of employees</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2017-01-01"><v s="BOS_2024Q2_C7_S1">35</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">38</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2017-04-01"><v s="BOS_2024Q2_C7_S1">29</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">58</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2017-07-01"><v s="BOS_2024Q2_C7_S1">17</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">34</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2017-10-01"><v s="BOS_2024Q2_C7_S1">29</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">40</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2018-01-01"><v s="BOS_2024Q2_C7_S1">24</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">45</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2018-04-01"><v s="BOS_2024Q2_C7_S1">17</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">51</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2018-07-01"><v s="BOS_2024Q2_C7_S1">33</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">39</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2018-10-01"><v s="BOS_2024Q2_C7_S1">25</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">41</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2019-01-01"><v s="BOS_2024Q2_C7_S1">20</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">35</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2019-04-01"><v s="BOS_2024Q2_C7_S1">20</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">36</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2019-07-01"><v s="BOS_2024Q2_C7_S1">28</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">31</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2019-10-01"><v s="BOS_2024Q2_C7_S1">11</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">43</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2020-01-01"><v s="BOS_2024Q2_C7_S1">12</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">28</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2020-04-01"><v s="BOS_2024Q2_C7_S1">-30</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">23</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2020-07-01"><v s="BOS_2024Q2_C7_S1">2</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">26</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2020-10-01"><v s="BOS_2024Q2_C7_S1">26</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">43</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2021-01-01"><v s="BOS_2024Q2_C7_S1">40</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">45</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2021-04-01"><v s="BOS_2024Q2_C7_S1">36</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">65</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2021-07-01"><v s="BOS_2024Q2_C7_S1">46</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">67</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2021-10-01"><v s="BOS_2024Q2_C7_S1">47</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">77</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2022-01-01"><v s="BOS_2024Q2_C7_S1">42</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">63</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2022-04-01"><v s="BOS_2024Q2_C7_S1">37</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">66</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2022-07-01"><v s="BOS_2024Q2_C7_S1">29</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">47</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2022-10-01"><v s="BOS_2024Q2_C7_S1">20</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">35</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2023-01-01"><v s="BOS_2024Q2_C7_S1">19</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">45</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2023-04-01"><v s="BOS_2024Q2_C7_S1">14</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">34</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2023-07-01"><v s="BOS_2024Q2_C7_S1">7</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">27</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2023-10-01"><v s="BOS_2024Q2_C7_S1">22</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">21</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2024-01-01"><v s="BOS_2024Q2_C7_S1">0</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">32</v><v s="BOS_2024Q2_C7_S4">34</v></o>
<o d="2024-04-01"><v s="BOS_2024Q2_C7_S1">11</v><v s="BOS_2024Q2_C7_S2">16</v><v s="BOS_2024Q2_C7_S3">26</v><v s="BOS_2024Q2_C7_S4">34</v></o>
</observations>
</data>