<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 2: Ongoing, widespread softness keeps the BOS indicator negative this quarter</label>
    <description><![CDATA[Contributions to BOS indicator (standardized units)

Note: The BOS indicator is a summary measure of results from key questions in the Business Outlook Survey (BOS). Business activity indicators are those related to past sales declines, future sales growth, indicators of future sales, employment and investment. Price and cost indicators are those related to input and selling price growth as well as credit conditions. Capacity indicators are those related to labour shortages, labour shortage intensity and the ability to meet demand.]]></description>
    <link>https://www.bankofcanada.ca/?p=248864</link>
</groupDetail>
<seriesDetail>
<series id="BOS_2025Q3_C2_S1">
<label>Business activity</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2025Q3_C2_S2">
<label>Prices and costs</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2025Q3_C2_S3">
<label>Capacity</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2025Q3_C2_S4">
<label>BOS indicator</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2015-01-01"><v s="BOS_2025Q3_C2_S1">-1.00</v><v s="BOS_2025Q3_C2_S2">0.20</v><v s="BOS_2025Q3_C2_S3">-0.60</v><v s="BOS_2025Q3_C2_S4">-1.30</v></o>
<o d="2015-04-01"><v s="BOS_2025Q3_C2_S1">-0.50</v><v s="BOS_2025Q3_C2_S2">-0.40</v><v s="BOS_2025Q3_C2_S3">-0.50</v><v s="BOS_2025Q3_C2_S4">-1.40</v></o>
<o d="2015-07-01"><v s="BOS_2025Q3_C2_S1">-0.40</v><v s="BOS_2025Q3_C2_S2">0.10</v><v s="BOS_2025Q3_C2_S3">-1.20</v><v s="BOS_2025Q3_C2_S4">-1.50</v></o>
<o d="2015-10-01"><v s="BOS_2025Q3_C2_S1">-1.50</v><v s="BOS_2025Q3_C2_S2">-0.50</v><v s="BOS_2025Q3_C2_S3">-1.00</v><v s="BOS_2025Q3_C2_S4">-2.90</v></o>
<o d="2016-01-01"><v s="BOS_2025Q3_C2_S1">-0.60</v><v s="BOS_2025Q3_C2_S2">-0.10</v><v s="BOS_2025Q3_C2_S3">-0.90</v><v s="BOS_2025Q3_C2_S4">-1.60</v></o>
<o d="2016-04-01"><v s="BOS_2025Q3_C2_S1">-1.10</v><v s="BOS_2025Q3_C2_S2">0.00</v><v s="BOS_2025Q3_C2_S3">-1.00</v><v s="BOS_2025Q3_C2_S4">-2.10</v></o>
<o d="2016-07-01"><v s="BOS_2025Q3_C2_S1">-0.20</v><v s="BOS_2025Q3_C2_S2">-0.20</v><v s="BOS_2025Q3_C2_S3">-0.60</v><v s="BOS_2025Q3_C2_S4">-1.00</v></o>
<o d="2016-10-01"><v s="BOS_2025Q3_C2_S1">0.30</v><v s="BOS_2025Q3_C2_S2">0.60</v><v s="BOS_2025Q3_C2_S3">-0.40</v><v s="BOS_2025Q3_C2_S4">0.50</v></o>
<o d="2017-01-01"><v s="BOS_2025Q3_C2_S1">0.80</v><v s="BOS_2025Q3_C2_S2">0.00</v><v s="BOS_2025Q3_C2_S3">-0.50</v><v s="BOS_2025Q3_C2_S4">0.40</v></o>
<o d="2017-04-01"><v s="BOS_2025Q3_C2_S1">1.80</v><v s="BOS_2025Q3_C2_S2">0.40</v><v s="BOS_2025Q3_C2_S3">0.20</v><v s="BOS_2025Q3_C2_S4">2.30</v></o>
<o d="2017-07-01"><v s="BOS_2025Q3_C2_S1">0.70</v><v s="BOS_2025Q3_C2_S2">-0.10</v><v s="BOS_2025Q3_C2_S3">0.40</v><v s="BOS_2025Q3_C2_S4">1.00</v></o>
<o d="2017-10-01"><v s="BOS_2025Q3_C2_S1">0.60</v><v s="BOS_2025Q3_C2_S2">0.30</v><v s="BOS_2025Q3_C2_S3">0.80</v><v s="BOS_2025Q3_C2_S4">1.70</v></o>
<o d="2018-01-01"><v s="BOS_2025Q3_C2_S1">0.80</v><v s="BOS_2025Q3_C2_S2">0.20</v><v s="BOS_2025Q3_C2_S3">0.40</v><v s="BOS_2025Q3_C2_S4">1.40</v></o>
<o d="2018-04-01"><v s="BOS_2025Q3_C2_S1">1.10</v><v s="BOS_2025Q3_C2_S2">0.50</v><v s="BOS_2025Q3_C2_S3">1.00</v><v s="BOS_2025Q3_C2_S4">2.60</v></o>
<o d="2018-07-01"><v s="BOS_2025Q3_C2_S1">0.90</v><v s="BOS_2025Q3_C2_S2">0.40</v><v s="BOS_2025Q3_C2_S3">1.10</v><v s="BOS_2025Q3_C2_S4">2.50</v></o>
<o d="2018-10-01"><v s="BOS_2025Q3_C2_S1">0.50</v><v s="BOS_2025Q3_C2_S2">0.10</v><v s="BOS_2025Q3_C2_S3">1.20</v><v s="BOS_2025Q3_C2_S4">1.80</v></o>
<o d="2019-01-01"><v s="BOS_2025Q3_C2_S1">-0.10</v><v s="BOS_2025Q3_C2_S2">0.00</v><v s="BOS_2025Q3_C2_S3">-0.60</v><v s="BOS_2025Q3_C2_S4">-0.70</v></o>
<o d="2019-04-01"><v s="BOS_2025Q3_C2_S1">0.10</v><v s="BOS_2025Q3_C2_S2">0.10</v><v s="BOS_2025Q3_C2_S3">-0.10</v><v s="BOS_2025Q3_C2_S4">0.10</v></o>
<o d="2019-07-01"><v s="BOS_2025Q3_C2_S1">-0.10</v><v s="BOS_2025Q3_C2_S2">0.00</v><v s="BOS_2025Q3_C2_S3">0.60</v><v s="BOS_2025Q3_C2_S4">0.60</v></o>
<o d="2019-10-01"><v s="BOS_2025Q3_C2_S1">0.10</v><v s="BOS_2025Q3_C2_S2">0.10</v><v s="BOS_2025Q3_C2_S3">0.50</v><v s="BOS_2025Q3_C2_S4">0.70</v></o>
<o d="2020-01-01"><v s="BOS_2025Q3_C2_S1">-0.60</v><v s="BOS_2025Q3_C2_S2">0.00</v><v s="BOS_2025Q3_C2_S3">0.10</v><v s="BOS_2025Q3_C2_S4">-0.50</v></o>
<o d="2020-04-01"><v s="BOS_2025Q3_C2_S1">-3.60</v><v s="BOS_2025Q3_C2_S2">-0.70</v><v s="BOS_2025Q3_C2_S3">-1.70</v><v s="BOS_2025Q3_C2_S4">-5.90</v></o>
<o d="2020-07-01"><v s="BOS_2025Q3_C2_S1">-2.00</v><v s="BOS_2025Q3_C2_S2">0.20</v><v s="BOS_2025Q3_C2_S3">-0.40</v><v s="BOS_2025Q3_C2_S4">-2.20</v></o>
<o d="2020-10-01"><v s="BOS_2025Q3_C2_S1">-0.40</v><v s="BOS_2025Q3_C2_S2">0.60</v><v s="BOS_2025Q3_C2_S3">0.50</v><v s="BOS_2025Q3_C2_S4">0.70</v></o>
<o d="2021-01-01"><v s="BOS_2025Q3_C2_S1">0.90</v><v s="BOS_2025Q3_C2_S2">1.40</v><v s="BOS_2025Q3_C2_S3">-0.20</v><v s="BOS_2025Q3_C2_S4">2.10</v></o>
<o d="2021-04-01"><v s="BOS_2025Q3_C2_S1">1.90</v><v s="BOS_2025Q3_C2_S2">0.80</v><v s="BOS_2025Q3_C2_S3">0.80</v><v s="BOS_2025Q3_C2_S4">3.50</v></o>
<o d="2021-07-01"><v s="BOS_2025Q3_C2_S1">2.20</v><v s="BOS_2025Q3_C2_S2">0.30</v><v s="BOS_2025Q3_C2_S3">1.80</v><v s="BOS_2025Q3_C2_S4">4.30</v></o>
<o d="2021-10-01"><v s="BOS_2025Q3_C2_S1">3.00</v><v s="BOS_2025Q3_C2_S2">0.30</v><v s="BOS_2025Q3_C2_S3">2.50</v><v s="BOS_2025Q3_C2_S4">5.80</v></o>
<o d="2022-01-01"><v s="BOS_2025Q3_C2_S1">1.90</v><v s="BOS_2025Q3_C2_S2">0.50</v><v s="BOS_2025Q3_C2_S3">2.50</v><v s="BOS_2025Q3_C2_S4">4.90</v></o>
<o d="2022-04-01"><v s="BOS_2025Q3_C2_S1">2.20</v><v s="BOS_2025Q3_C2_S2">0.30</v><v s="BOS_2025Q3_C2_S3">2.40</v><v s="BOS_2025Q3_C2_S4">4.80</v></o>
<o d="2022-07-01"><v s="BOS_2025Q3_C2_S1">0.60</v><v s="BOS_2025Q3_C2_S2">-1.00</v><v s="BOS_2025Q3_C2_S3">2.20</v><v s="BOS_2025Q3_C2_S4">1.90</v></o>
<o d="2022-10-01"><v s="BOS_2025Q3_C2_S1">-0.20</v><v s="BOS_2025Q3_C2_S2">-0.90</v><v s="BOS_2025Q3_C2_S3">1.40</v><v s="BOS_2025Q3_C2_S4">0.30</v></o>
<o d="2023-01-01"><v s="BOS_2025Q3_C2_S1">0.20</v><v s="BOS_2025Q3_C2_S2">-1.10</v><v s="BOS_2025Q3_C2_S3">0.10</v><v s="BOS_2025Q3_C2_S4">-0.80</v></o>
<o d="2023-04-01"><v s="BOS_2025Q3_C2_S1">-0.40</v><v s="BOS_2025Q3_C2_S2">-1.50</v><v s="BOS_2025Q3_C2_S3">-0.20</v><v s="BOS_2025Q3_C2_S4">-2.10</v></o>
<o d="2023-07-01"><v s="BOS_2025Q3_C2_S1">-1.10</v><v s="BOS_2025Q3_C2_S2">-1.70</v><v s="BOS_2025Q3_C2_S3">-0.50</v><v s="BOS_2025Q3_C2_S4">-3.30</v></o>
<o d="2023-10-01"><v s="BOS_2025Q3_C2_S1">-1.10</v><v s="BOS_2025Q3_C2_S2">-1.30</v><v s="BOS_2025Q3_C2_S3">-0.50</v><v s="BOS_2025Q3_C2_S4">-2.90</v></o>
<o d="2024-01-01"><v s="BOS_2025Q3_C2_S1">-0.90</v><v s="BOS_2025Q3_C2_S2">-0.90</v><v s="BOS_2025Q3_C2_S3">-0.50</v><v s="BOS_2025Q3_C2_S4">-2.20</v></o>
<o d="2024-04-01"><v s="BOS_2025Q3_C2_S1">-0.90</v><v s="BOS_2025Q3_C2_S2">-0.70</v><v s="BOS_2025Q3_C2_S3">-1.10</v><v s="BOS_2025Q3_C2_S4">-2.80</v></o>
<o d="2024-07-01"><v s="BOS_2025Q3_C2_S1">-0.80</v><v s="BOS_2025Q3_C2_S2">-0.70</v><v s="BOS_2025Q3_C2_S3">-0.80</v><v s="BOS_2025Q3_C2_S4">-2.20</v></o>
<o d="2024-10-01"><v s="BOS_2025Q3_C2_S1">0.30</v><v s="BOS_2025Q3_C2_S2">-0.30</v><v s="BOS_2025Q3_C2_S3">-1.10</v><v s="BOS_2025Q3_C2_S4">-1.10</v></o>
<o d="2025-01-01"><v s="BOS_2025Q3_C2_S1">-1.00</v><v s="BOS_2025Q3_C2_S2">0.10</v><v s="BOS_2025Q3_C2_S3">-1.20</v><v s="BOS_2025Q3_C2_S4">-2.10</v></o>
<o d="2025-04-01"><v s="BOS_2025Q3_C2_S1">-1.10</v><v s="BOS_2025Q3_C2_S2">-0.20</v><v s="BOS_2025Q3_C2_S3">-1.10</v><v s="BOS_2025Q3_C2_S4">-2.40</v></o>
<o d="2025-07-01"><v s="BOS_2025Q3_C2_S1">-1.00</v><v s="BOS_2025Q3_C2_S2">0.10</v><v s="BOS_2025Q3_C2_S3">-1.30</v><v s="BOS_2025Q3_C2_S4">-2.30</v></o>
</observations>
</data>