{ "terms": { "url": "https://www.bankofcanada.ca/terms/" }, "groupDetail": { "label": "Business Outlook Survey—Fourth Quarter of 2025", "description": "Firms’ sentiment remains subdued, according to results from the Business Outlook Survey and the Business Leaders’ Pulse. After a weak year, domestic sales growth is expected to improve slightly. Export sales are expected to be modest. Most businesses plan to maintain or decrease current staffing levels, and they continue to prioritize investment spending on routine maintenance. Firms reported less pressure than last quarter from tariff-related cost increases. Most do not anticipate substantial increases in selling prices. Inflation expectations remain roughly stable between 2.5% and 3%.", "link": "https://www.bankofcanada.ca/?p=251075" }, "seriesDetail": { "BOS_2025Q4_C1_S1": { "label": "3-month moving average", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q4_C1_S2": { "label": "Historical average balance of opinion, 3-month moving average", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q4_C1A_S1": { "label": "Production", "description": "", "dimension": { "key": "k", "name": "Category" } }, "BOS_2025Q4_C1A_S2": { "label": "Capital expenditures", "description": "", "dimension": { "key": "k", "name": "Category" } }, "BOS_2025Q4_C2_S1": { "label": "Indicators of future sales, change compared with 12 months ago (balance of opinion*)", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q4_C2_S2": { "label": "Historical average balance of opinion, indicators of future sales", "description": "", "dimension": { "key": "d", 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"Historical average, lower", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q4_C9_S1": { "label": "BOS: Expected wage increase, change over the next 12 months (year-over-year percentage change)", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q4_C9_S2": { "label": "BLP: Expected wage increase, change over the next 12 months (year-over-year percentage change)", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q4_C10_S1": { "label": "Input prices will increase significantly", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q4_C10_S2": { "label": "Selling prices will increase significantly", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q4_C11_S1": { "label": "BLP, 1-year-ahead", "description": "", "dimension": { "key": "d", "name": "Date" } }, "BOS_2025Q4_C11_S2": { "label": "BLP, 2-year-ahead", "description": "", "dimension": { "key": "d", "name": 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"BOS_2025Q4_C5_S4": { "v": "28.6" }, "BOS_2025Q4_C6_S1": { "v": "3" }, "BOS_2025Q4_C6_S2": { "v": "15.77" }, "BOS_2025Q4_C7_S1": { "v": "39" }, "BOS_2025Q4_C7_S2": { "v": "42" }, "BOS_2025Q4_C7_S3": { "v": "58" }, "BOS_2025Q4_C8_S1": { "v": "32.0" }, "BOS_2025Q4_C8_S2": { "v": "54.0" }, "BOS_2025Q4_C8_S3": { "v": "14.0" }, "BOS_2025Q4_C8_S4": { "v": "46.4" }, "BOS_2025Q4_C8_S5": { "v": "41.1" }, "BOS_2025Q4_C8_S6": { "v": "12.9" }, "BOS_2025Q4_C9_S1": { "v": "3.4" }, "BOS_2025Q4_C9_S2": { "v": "2.5" }, "BOS_2025Q4_C10_S1": { "v": "24.5" }, "BOS_2025Q4_C10_S2": { "v": "18.0" }, "BOS_2025Q4_C11_S1": { "v": "2.8" }, "BOS_2025Q4_C11_S2": { "v": "2.4" }, "BOS_2025Q4_C11_S3": { "v": "2.5" } }, { "d": "2025-02-01", "BOS_2025Q4_C1_S1": { "v": "16.3" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C11_S1": { "v": "3.3" }, "BOS_2025Q4_C11_S2": { "v": "2.9" }, "BOS_2025Q4_C11_S3": { "v": "2.7" } }, { "d": "2025-03-01", "BOS_2025Q4_C1_S1": { "v": "8.5" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C11_S1": { "v": "3.6" }, "BOS_2025Q4_C11_S2": { "v": "2.8" }, "BOS_2025Q4_C11_S3": { "v": "2.5" }, "BOS_2025Q4_C11_S4": { "v": "2.6" } }, { "d": "2025-04-01", "BOS_2025Q4_C1_S1": { "v": "2.1" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C2_S1": { "v": "-6" }, "BOS_2025Q4_C2_S2": { "v": "24" }, "BOS_2025Q4_C5_S1": { "v": "39.0" }, "BOS_2025Q4_C5_S2": { "v": "44.4" }, "BOS_2025Q4_C5_S3": { "v": "16.0" }, "BOS_2025Q4_C5_S4": { "v": "28.6" }, "BOS_2025Q4_C6_S1": { "v": "7" }, "BOS_2025Q4_C6_S2": { "v": "15.77" }, "BOS_2025Q4_C7_S1": { "v": "31" }, "BOS_2025Q4_C7_S2": { "v": "38" }, "BOS_2025Q4_C7_S3": { "v": "67" }, "BOS_2025Q4_C8_S1": { "v": "33.0" }, "BOS_2025Q4_C8_S2": { "v": "57.0" }, "BOS_2025Q4_C8_S3": { "v": "10.0" }, "BOS_2025Q4_C8_S4": { "v": "46.4" }, "BOS_2025Q4_C8_S5": { "v": "41.1" }, "BOS_2025Q4_C8_S6": { "v": "12.9" }, "BOS_2025Q4_C9_S1": { "v": "3.2" }, "BOS_2025Q4_C9_S2": { "v": "2.4" }, "BOS_2025Q4_C10_S1": { "v": "15.0" }, "BOS_2025Q4_C10_S2": { "v": "15.3" }, "BOS_2025Q4_C11_S1": { "v": "3.7" }, "BOS_2025Q4_C11_S2": { "v": "2.9" }, "BOS_2025Q4_C11_S3": { "v": "2.4" } }, { "d": "2025-05-01", "BOS_2025Q4_C1_S1": { "v": "-0.1" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C11_S1": { "v": "3.3" }, "BOS_2025Q4_C11_S2": { "v": "2.9" }, "BOS_2025Q4_C11_S3": { "v": "2.8" } }, { "d": "2025-06-01", "BOS_2025Q4_C1_S1": { "v": "5.1" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C11_S1": { "v": "2.9" }, "BOS_2025Q4_C11_S2": { "v": "2.7" }, "BOS_2025Q4_C11_S3": { "v": "2.6" }, "BOS_2025Q4_C11_S4": { "v": "2.7" } }, { "d": "2025-07-01", "BOS_2025Q4_C1_S1": { "v": "9.6" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C2_S1": { "v": "0" }, "BOS_2025Q4_C2_S2": { "v": "24" }, "BOS_2025Q4_C5_S1": { "v": "34.0" }, "BOS_2025Q4_C5_S2": { "v": "44.4" }, "BOS_2025Q4_C5_S3": { "v": "13.0" }, "BOS_2025Q4_C5_S4": { "v": "28.6" }, "BOS_2025Q4_C6_S1": { "v": "7" }, "BOS_2025Q4_C6_S2": { "v": "15.77" }, "BOS_2025Q4_C7_S1": { "v": "40" }, "BOS_2025Q4_C7_S2": { "v": "39" }, "BOS_2025Q4_C7_S3": { "v": "63" }, "BOS_2025Q4_C8_S1": { "v": "38.0" }, "BOS_2025Q4_C8_S2": { "v": "50.0" }, "BOS_2025Q4_C8_S3": { "v": "13.0" }, "BOS_2025Q4_C8_S4": { "v": "46.4" }, "BOS_2025Q4_C8_S5": { "v": "41.1" }, "BOS_2025Q4_C8_S6": { "v": "12.9" }, "BOS_2025Q4_C9_S1": { "v": "3.1" }, "BOS_2025Q4_C9_S2": { "v": "2.3" }, "BOS_2025Q4_C10_S1": { "v": "17.2" }, "BOS_2025Q4_C10_S2": { "v": "14.3" }, "BOS_2025Q4_C11_S1": { "v": "2.8" }, "BOS_2025Q4_C11_S2": { "v": "2.6" }, "BOS_2025Q4_C11_S3": { "v": "2.5" } }, { "d": "2025-08-01", "BOS_2025Q4_C1_S1": { "v": "15.1" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C11_S1": { "v": "3.3" }, "BOS_2025Q4_C11_S2": { "v": "2.9" }, "BOS_2025Q4_C11_S3": { "v": "2.7" } }, { "d": "2025-09-01", "BOS_2025Q4_C1_S1": { "v": "19.0" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C11_S1": { "v": "2.9" }, "BOS_2025Q4_C11_S2": { "v": "2.7" }, "BOS_2025Q4_C11_S3": { "v": "2.6" }, "BOS_2025Q4_C11_S4": { "v": "2.6" } }, { "d": "2025-10-01", "BOS_2025Q4_C1_S1": { "v": "21.3" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C2_S1": { "v": "13" }, "BOS_2025Q4_C2_S2": { "v": "24" }, "BOS_2025Q4_C5_S1": { "v": "33.0" }, "BOS_2025Q4_C5_S2": { "v": "44.4" }, "BOS_2025Q4_C5_S3": { "v": "22.0" }, "BOS_2025Q4_C5_S4": { "v": "28.6" }, "BOS_2025Q4_C6_S1": { "v": "14" }, "BOS_2025Q4_C6_S2": { "v": "15.77" }, "BOS_2025Q4_C7_S1": { "v": "34" }, "BOS_2025Q4_C7_S2": { "v": "41" }, "BOS_2025Q4_C7_S3": { "v": "63" }, "BOS_2025Q4_C8_S1": { "v": "37.0" }, "BOS_2025Q4_C8_S2": { "v": "43.0" }, "BOS_2025Q4_C8_S3": { "v": "21.0" }, "BOS_2025Q4_C8_S4": { "v": "46.4" }, "BOS_2025Q4_C8_S5": { "v": "41.1" }, "BOS_2025Q4_C8_S6": { "v": "12.9" }, "BOS_2025Q4_C9_S1": { "v": "3.3" }, "BOS_2025Q4_C9_S2": { "v": "2.4" }, "BOS_2025Q4_C10_S1": { "v": "9.9" }, "BOS_2025Q4_C10_S2": { "v": "5.9" }, "BOS_2025Q4_C11_S1": { "v": "2.9" }, "BOS_2025Q4_C11_S2": { "v": "2.7" }, "BOS_2025Q4_C11_S3": { "v": "2.6" } }, { "d": "2025-11-01", "BOS_2025Q4_C1_S1": { "v": "20.2" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C11_S1": { "v": "3.2" }, "BOS_2025Q4_C11_S2": { "v": "2.8" }, "BOS_2025Q4_C11_S3": { "v": "2.8" } }, { "d": "2025-12-01", "BOS_2025Q4_C1_S1": { "v": "19.6" }, "BOS_2025Q4_C1_S2": { "v": "24" }, "BOS_2025Q4_C11_S1": { "v": "3.0" }, "BOS_2025Q4_C11_S2": { "v": "2.9" }, "BOS_2025Q4_C11_S3": { "v": "2.8" }, "BOS_2025Q4_C11_S4": { "v": "2.6" } }, { "k": "Oil sands producers", "BOS_2025Q4_C1A_S1": { "v": "2.0" }, "BOS_2025Q4_C1A_S2": { "v": "-1.6" } }, { "k": "Conventional oil producers", "BOS_2025Q4_C1A_S1": { "v": "0.0" }, "BOS_2025Q4_C1A_S2": { "v": "-6.5" } }, { "k": "Natural gas producers", "BOS_2025Q4_C1A_S1": { "v": "6.1" }, "BOS_2025Q4_C1A_S2": { "v": "1.9" } }, { "k": "All producers", "BOS_2025Q4_C1A_S1": { "v": "2.6" }, "BOS_2025Q4_C1A_S2": { "v": "-1.7" } }, { "k": "Change in sales levels, past 12 months (balance of opinion*)", "BOS_2025Q4_C3_S1": { "v": "-11.8" }, "BOS_2025Q4_C3_S2": { "v": "33.8" } }, { "k": "Change in indicators of future sales compared with 12 months ago (balance of opinion†)", "BOS_2025Q4_C3_S1": { "v": "-5.9" }, "BOS_2025Q4_C3_S2": { "v": "23.4" } }, { "k": "Change in sales levels, next 12 months (balance of opinion‡)", "BOS_2025Q4_C3_S1": { "v": "23.5" }, "BOS_2025Q4_C3_S2": { "v": "58.8" } }, { "k": "September 2025|Sales to US customers", "BOS_2025Q4_C4_S1": { "v": "26.7" }, "BOS_2025Q4_C4_S2": { "v": "24.4" }, "BOS_2025Q4_C4_S3": { "v": "46.5" }, "BOS_2025Q4_C4_S4": { "v": "2.3" }, "BOS_2025Q4_C4_S5": { "v": "0.0" } }, { "k": "September 2025|Sales to non-US markets", "BOS_2025Q4_C4_S1": { "v": "8.5" }, "BOS_2025Q4_C4_S2": { "v": "4.9" }, "BOS_2025Q4_C4_S3": { "v": "85.4" }, "BOS_2025Q4_C4_S4": { "v": "1.2" }, "BOS_2025Q4_C4_S5": { "v": "0.0" } }, { "k": "December 2025|Sales to US customers", "BOS_2025Q4_C4_S1": { "v": "21.5" }, "BOS_2025Q4_C4_S2": { "v": "31.2" }, "BOS_2025Q4_C4_S3": { "v": "43.0" }, "BOS_2025Q4_C4_S4": { "v": "2.2" }, "BOS_2025Q4_C4_S5": { "v": "2.2" } }, { "k": "December 2025|Sales to non-US markets", "BOS_2025Q4_C4_S1": { "v": "8.9" }, "BOS_2025Q4_C4_S2": { "v": "3.3" }, "BOS_2025Q4_C4_S3": { "v": "78.9" }, "BOS_2025Q4_C4_S4": { "v": "8.9" }, "BOS_2025Q4_C4_S5": { "v": "0.0" } } ] }