<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 7: In their investments, firms continue to prioritize routine maintenance over expansion</label>
    <description><![CDATA[What is the primary objective for your investment spending? (Multiple response options, share of firms)

Note: Because respondents could select more than one option, shares total more than 100%.

Source: Business Outlook Survey]]></description>
    <link>https://www.bankofcanada.ca/?p=251075</link>
</groupDetail>
<seriesDetail>
<series id="BOS_2025Q4_C7_S1">
<label>Streamline production, reduce average costs, improve productivity</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2025Q4_C7_S2">
<label>Increase output, expand operations</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2025Q4_C7_S3">
<label>Replace or repair equipment</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2019-01-01"><v s="BOS_2025Q4_C7_S3">52</v><v s="BOS_2025Q4_C7_S1">40</v><v s="BOS_2025Q4_C7_S2">56</v></o>
<o d="2019-04-01"><v s="BOS_2025Q4_C7_S1">31</v><v s="BOS_2025Q4_C7_S2">49</v><v s="BOS_2025Q4_C7_S3">50</v></o>
<o d="2019-07-01"><v s="BOS_2025Q4_C7_S1">39</v><v s="BOS_2025Q4_C7_S2">49</v><v s="BOS_2025Q4_C7_S3">58</v></o>
<o d="2019-10-01"><v s="BOS_2025Q4_C7_S3">60</v><v s="BOS_2025Q4_C7_S2">46</v><v s="BOS_2025Q4_C7_S1">33</v></o>
<o d="2020-01-01"><v s="BOS_2025Q4_C7_S3">55</v><v s="BOS_2025Q4_C7_S2">46</v><v s="BOS_2025Q4_C7_S1">41</v></o>
<o d="2020-04-01"><v s="BOS_2025Q4_C7_S3">71</v><v s="BOS_2025Q4_C7_S2">29</v><v s="BOS_2025Q4_C7_S1">42</v></o>
<o d="2020-07-01"><v s="BOS_2025Q4_C7_S3">61</v><v s="BOS_2025Q4_C7_S2">50</v><v s="BOS_2025Q4_C7_S1">37</v></o>
<o d="2020-10-01"><v s="BOS_2025Q4_C7_S2">48</v><v s="BOS_2025Q4_C7_S1">50</v><v s="BOS_2025Q4_C7_S3">49</v></o>
<o d="2021-01-01"><v s="BOS_2025Q4_C7_S3">52</v><v s="BOS_2025Q4_C7_S1">46</v><v s="BOS_2025Q4_C7_S2">55</v></o>
<o d="2021-04-01"><v s="BOS_2025Q4_C7_S3">52</v><v s="BOS_2025Q4_C7_S2">57</v><v s="BOS_2025Q4_C7_S1">39</v></o>
<o d="2021-07-01"><v s="BOS_2025Q4_C7_S3">59</v><v s="BOS_2025Q4_C7_S2">63</v><v s="BOS_2025Q4_C7_S1">49</v></o>
<o d="2021-10-01"><v s="BOS_2025Q4_C7_S1">45</v><v s="BOS_2025Q4_C7_S2">57</v><v s="BOS_2025Q4_C7_S3">49</v></o>
<o d="2022-01-01"><v s="BOS_2025Q4_C7_S1">52</v><v s="BOS_2025Q4_C7_S3">54</v><v s="BOS_2025Q4_C7_S2">54</v></o>
<o d="2022-04-01"><v s="BOS_2025Q4_C7_S1">38</v><v s="BOS_2025Q4_C7_S3">56</v><v s="BOS_2025Q4_C7_S2">54</v></o>
<o d="2022-07-01"><v s="BOS_2025Q4_C7_S3">52</v><v s="BOS_2025Q4_C7_S2">43</v><v s="BOS_2025Q4_C7_S1">52</v></o>
<o d="2022-10-01"><v s="BOS_2025Q4_C7_S2">47</v><v s="BOS_2025Q4_C7_S1">44</v><v s="BOS_2025Q4_C7_S3">58</v></o>
<o d="2023-01-01"><v s="BOS_2025Q4_C7_S2">58</v><v s="BOS_2025Q4_C7_S1">35</v><v s="BOS_2025Q4_C7_S3">56</v></o>
<o d="2023-04-01"><v s="BOS_2025Q4_C7_S3">53</v><v s="BOS_2025Q4_C7_S2">54</v><v s="BOS_2025Q4_C7_S1">43</v></o>
<o d="2023-07-01"><v s="BOS_2025Q4_C7_S3">59</v><v s="BOS_2025Q4_C7_S2">40</v><v s="BOS_2025Q4_C7_S1">28</v></o>
<o d="2023-10-01"><v s="BOS_2025Q4_C7_S3">58</v><v s="BOS_2025Q4_C7_S2">40</v><v s="BOS_2025Q4_C7_S1">42</v></o>
<o d="2024-01-01"><v s="BOS_2025Q4_C7_S3">64</v><v s="BOS_2025Q4_C7_S1">27</v><v s="BOS_2025Q4_C7_S2">40</v></o>
<o d="2024-04-01"><v s="BOS_2025Q4_C7_S1">29</v><v s="BOS_2025Q4_C7_S3">54</v><v s="BOS_2025Q4_C7_S2">38</v></o>
<o d="2024-07-01"><v s="BOS_2025Q4_C7_S3">61</v><v s="BOS_2025Q4_C7_S2">39</v><v s="BOS_2025Q4_C7_S1">33</v></o>
<o d="2024-10-01"><v s="BOS_2025Q4_C7_S2">40</v><v s="BOS_2025Q4_C7_S3">46</v><v s="BOS_2025Q4_C7_S1">42</v></o>
<o d="2025-01-01"><v s="BOS_2025Q4_C7_S2">42</v><v s="BOS_2025Q4_C7_S1">39</v><v s="BOS_2025Q4_C7_S3">58</v></o>
<o d="2025-04-01"><v s="BOS_2025Q4_C7_S2">38</v><v s="BOS_2025Q4_C7_S1">31</v><v s="BOS_2025Q4_C7_S3">67</v></o>
<o d="2025-07-01"><v s="BOS_2025Q4_C7_S2">39</v><v s="BOS_2025Q4_C7_S1">40</v><v s="BOS_2025Q4_C7_S3">63</v></o>
<o d="2025-10-01"><v s="BOS_2025Q4_C7_S2">41</v><v s="BOS_2025Q4_C7_S1">34</v><v s="BOS_2025Q4_C7_S3">63</v></o>
</observations>
</data>