<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Firms continue to expect wage and cost growth to ease</label>
    <description><![CDATA[Wage growth: Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same as over the past 12 months? Input price growth: Over the next 12 months, are prices of products and services purchased expected to increase at a greater, lesser or the same rate as over the past 12 months? Expected wage increase: What do you expect your firm’s average wage increase to be next year?

* Percentage of firms expecting higher labour cost increases minus the percentage expecting lower labour cost increases
† Percentage of firms expecting input prices to increase at a greater rate minus the percentage expecting input prices to increase at a lesser rate

Source: Business Outlook Survey]]></description>
    <link>https://www.bankofcanada.ca/?p=243736</link>
</groupDetail>
<seriesDetail>
<series id="BOS_2024Q4_C8_S1">
<label>Wage growth, change over the next 12 months (balance of opinion,* left scale)</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2024Q4_C8_S2">
<label>Input price growth, change over the next 12 months (balance of opinion,† left scale)</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2024Q4_C8_S3">
<label>Average expected wage increase, change over the next 12 months (year-over-year percentage change, right scale)</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2017-01-01"><v s="BOS_2024Q4_C8_S3">2.61</v><v s="BOS_2024Q4_C8_S1">13.00</v><v s="BOS_2024Q4_C8_S2">10.00</v></o>
<o d="2017-04-01"><v s="BOS_2024Q4_C8_S1">22.00</v><v s="BOS_2024Q4_C8_S2">14.00</v><v s="BOS_2024Q4_C8_S3">3.03</v></o>
<o d="2017-07-01"><v s="BOS_2024Q4_C8_S1">20.00</v><v s="BOS_2024Q4_C8_S2">0.00</v><v s="BOS_2024Q4_C8_S3">3.01</v></o>
<o d="2017-10-01"><v s="BOS_2024Q4_C8_S2">26.00</v><v s="BOS_2024Q4_C8_S1">25.00</v><v s="BOS_2024Q4_C8_S3">3.42</v></o>
<o d="2018-01-01"><v s="BOS_2024Q4_C8_S3">3.37</v><v s="BOS_2024Q4_C8_S2">22.00</v><v s="BOS_2024Q4_C8_S1">25.00</v></o>
<o d="2018-04-01"><v s="BOS_2024Q4_C8_S3">3.75</v><v s="BOS_2024Q4_C8_S2">30.00</v><v s="BOS_2024Q4_C8_S1">18.00</v></o>
<o d="2018-07-01"><v s="BOS_2024Q4_C8_S1">18.00</v><v s="BOS_2024Q4_C8_S3">3.15</v><v s="BOS_2024Q4_C8_S2">26.00</v></o>
<o d="2018-10-01"><v s="BOS_2024Q4_C8_S2">7.00</v><v s="BOS_2024Q4_C8_S1">23.00</v><v s="BOS_2024Q4_C8_S3">3.92</v></o>
<o d="2019-01-01"><v s="BOS_2024Q4_C8_S1">15.00</v><v s="BOS_2024Q4_C8_S2">2.00</v><v s="BOS_2024Q4_C8_S3">3.03</v></o>
<o d="2019-04-01"><v s="BOS_2024Q4_C8_S3">3.23</v><v s="BOS_2024Q4_C8_S2">-6.00</v><v s="BOS_2024Q4_C8_S1">7.00</v></o>
<o d="2019-07-01"><v s="BOS_2024Q4_C8_S3">3.00</v><v s="BOS_2024Q4_C8_S2">-7.00</v><v s="BOS_2024Q4_C8_S1">13.00</v></o>
<o d="2019-10-01"><v s="BOS_2024Q4_C8_S1">11.00</v><v s="BOS_2024Q4_C8_S2">13.00</v><v s="BOS_2024Q4_C8_S3">3.22</v></o>
<o d="2020-01-01"><v s="BOS_2024Q4_C8_S1">10.00</v><v s="BOS_2024Q4_C8_S3">2.79</v><v s="BOS_2024Q4_C8_S2">6.00</v></o>
<o d="2020-04-01"><v s="BOS_2024Q4_C8_S1">-35.00</v><v s="BOS_2024Q4_C8_S3">1.45</v><v s="BOS_2024Q4_C8_S2">-4.00</v></o>
<o d="2020-07-01"><v s="BOS_2024Q4_C8_S1">-21.00</v><v s="BOS_2024Q4_C8_S3">2.15</v><v s="BOS_2024Q4_C8_S2">9.00</v></o>
<o d="2020-10-01"><v s="BOS_2024Q4_C8_S1">0.00</v><v s="BOS_2024Q4_C8_S3">3.31</v><v s="BOS_2024Q4_C8_S2">24.00</v></o>
<o d="2021-01-01"><v s="BOS_2024Q4_C8_S3">2.55</v><v s="BOS_2024Q4_C8_S2">46.00</v><v s="BOS_2024Q4_C8_S1">20.00</v></o>
<o d="2021-04-01"><v s="BOS_2024Q4_C8_S2">20.00</v><v s="BOS_2024Q4_C8_S1">43.00</v><v s="BOS_2024Q4_C8_S3">4.02</v></o>
<o d="2021-07-01"><v s="BOS_2024Q4_C8_S3">4.37</v><v s="BOS_2024Q4_C8_S2">8.00</v><v s="BOS_2024Q4_C8_S1">50.00</v></o>
<o d="2021-10-01"><v s="BOS_2024Q4_C8_S3">4.80</v><v s="BOS_2024Q4_C8_S1">72.00</v><v s="BOS_2024Q4_C8_S2">7.00</v></o>
<o d="2022-01-01"><v s="BOS_2024Q4_C8_S3">5.16</v><v s="BOS_2024Q4_C8_S2">16.00</v><v s="BOS_2024Q4_C8_S1">68.00</v></o>
<o d="2022-04-01"><v s="BOS_2024Q4_C8_S3">5.84</v><v s="BOS_2024Q4_C8_S2">12.00</v><v s="BOS_2024Q4_C8_S1">61.00</v></o>
<o d="2022-07-01"><v s="BOS_2024Q4_C8_S3">4.92</v><v s="BOS_2024Q4_C8_S2">-39.00</v><v s="BOS_2024Q4_C8_S1">38.00</v></o>
<o d="2022-10-01"><v s="BOS_2024Q4_C8_S1">31.00</v><v s="BOS_2024Q4_C8_S3">4.66</v><v s="BOS_2024Q4_C8_S2">-39.00</v></o>
<o d="2023-01-01"><v s="BOS_2024Q4_C8_S1">22.00</v><v s="BOS_2024Q4_C8_S3">4.67</v><v s="BOS_2024Q4_C8_S2">-49.00</v></o>
<o d="2023-04-01"><v s="BOS_2024Q4_C8_S3">4.48</v><v s="BOS_2024Q4_C8_S2">-53.00</v><v s="BOS_2024Q4_C8_S1">-19.00</v></o>
<o d="2023-07-01"><v s="BOS_2024Q4_C8_S1">-50.00</v><v s="BOS_2024Q4_C8_S3">4.30</v><v s="BOS_2024Q4_C8_S2">-63.00</v></o>
<o d="2023-10-01"><v s="BOS_2024Q4_C8_S2">-57.00</v><v s="BOS_2024Q4_C8_S3">4.13</v><v s="BOS_2024Q4_C8_S1">-22.00</v></o>
<o d="2024-01-01"><v s="BOS_2024Q4_C8_S2">-48.00</v><v s="BOS_2024Q4_C8_S1">-18.00</v><v s="BOS_2024Q4_C8_S3">4.12</v></o>
<o d="2024-04-01"><v s="BOS_2024Q4_C8_S2">-32.00</v><v s="BOS_2024Q4_C8_S1">-46.00</v><v s="BOS_2024Q4_C8_S3">3.42</v></o>
<o d="2024-07-01"><v s="BOS_2024Q4_C8_S2">-28.00</v><v s="BOS_2024Q4_C8_S1">-36.00</v><v s="BOS_2024Q4_C8_S3">3.52</v></o>
<o d="2024-10-01"><v s="BOS_2024Q4_C8_S2">-33.00</v><v s="BOS_2024Q4_C8_S1">-42.00</v><v s="BOS_2024Q4_C8_S3">3.26</v></o>
</observations>
</data>