<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 6: Many firms are holding off on investments</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?

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

Business Outlook Survey]]></description>
    <link>https://www.bankofcanada.ca/?p=245382</link>
</groupDetail>
<seriesDetail>
<series id="BOS_2025Q1_C6_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_2025Q1_C6_S2">
<label>Historical average balance of opinion, investment spending</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2017-01-01"><v s="BOS_2025Q1_C6_S1">35</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2017-04-01"><v s="BOS_2025Q1_C6_S1">29</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2017-07-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">17</v></o>
<o d="2017-10-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">29</v></o>
<o d="2018-01-01"><v s="BOS_2025Q1_C6_S1">24</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2018-04-01"><v s="BOS_2025Q1_C6_S1">17</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2018-07-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">33</v></o>
<o d="2018-10-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">25</v></o>
<o d="2019-01-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">20</v></o>
<o d="2019-04-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">20</v></o>
<o d="2019-07-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">28</v></o>
<o d="2019-10-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">11</v></o>
<o d="2020-01-01"><v s="BOS_2025Q1_C6_S1">12</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2020-04-01"><v s="BOS_2025Q1_C6_S1">-30</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2020-07-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">2</v></o>
<o d="2020-10-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">26</v></o>
<o d="2021-01-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">40</v></o>
<o d="2021-04-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">36</v></o>
<o d="2021-07-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">46</v></o>
<o d="2021-10-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">47</v></o>
<o d="2022-01-01"><v s="BOS_2025Q1_C6_S1">42</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2022-04-01"><v s="BOS_2025Q1_C6_S1">37</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2022-07-01"><v s="BOS_2025Q1_C6_S1">29</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2022-10-01"><v s="BOS_2025Q1_C6_S1">20</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2023-01-01"><v s="BOS_2025Q1_C6_S1">19</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2023-04-01"><v s="BOS_2025Q1_C6_S1">14</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2023-07-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">7</v></o>
<o d="2023-10-01"><v s="BOS_2025Q1_C6_S1">22</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2024-01-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">0</v></o>
<o d="2024-04-01"><v s="BOS_2025Q1_C6_S2">16</v><v s="BOS_2025Q1_C6_S1">11</v></o>
<o d="2024-07-01"><v s="BOS_2025Q1_C6_S1">9</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2024-10-01"><v s="BOS_2025Q1_C6_S1">32</v><v s="BOS_2025Q1_C6_S2">16</v></o>
<o d="2025-01-01"><v s="BOS_2025Q1_C6_S1">3</v><v s="BOS_2025Q1_C6_S2">16</v></o>
</observations>
</data>