BOS_2026Q1 https://www.bankofcanada.ca/?p=252742 Balance of opinion (%) Balance of opinion (%) 1-year-ahead 1-year-ahead 2-year-ahead 2-year-ahead 5-year-ahead 5-year-ahead 2025Q2 2025Q2 2025Q3 2025Q3 2025Q4 2025Q4 2026Q1 2026Q1 Indicators of future sales, change compared with 12 months ago (balance of opinion*) Indicators of future sales, change compared with 12 months ago (balance of opinion*) Historical average balance of opinion, indicators of future sales Historical average balance of opinion, indicators of future sales Decreased significantly Decreased significantly Decreased slightly Decreased slightly Remained unchanged Remained unchanged Increased slightly Increased slightly Increased significantly Increased significantly Investment spending, change over the next 12 months (balance of opinion*) Investment spending, change over the next 12 months (balance of opinion*) Historical average balance of opinion, investment spending Historical average balance of opinion, investment spending Investment intentions of firms impacted by trade tensions Investment intentions of firms impacted by trade tensions Investment intentions of firms not impacted by trade tensions Investment intentions of firms not impacted by trade tensions Higher Higher About the same About the same Lower Lower Historical average, higher Historical average, higher Historical average, about the same Historical average, about the same Historical average, lower Historical average, lower Some or significant difficulty meeting unexpected increase in demand (share of firms) Some or significant difficulty meeting unexpected increase in demand (share of firms) Historical average share of firms citing either some or significant difficulty Historical average share of firms citing either some or significant difficulty Labour shortages (share of firms) Labour shortages (share of firms) Historical average share of firms facing labour shortages Historical average share of firms facing labour shortages Balance of opinion * Wage Growth - Over the next 12 months, are increases in labour costs expected to be higher, lower or about the same rate as over the past 12 months? Expectations for selling price growth Expectations for selling price growth Historical average, expectations for selling price growth Historical average, expectations for selling price growth Expectations for input price growth Expectations for input price growth Historical average, expectations for input price growth Historical average, expectations for input price growth BLP, 1-year-ahead BLP, 1-year-ahead BLP, 2-year-ahead BLP, 2-year-ahead BLP, 5-year-ahead BLP, 5-year-ahead BOS, over the next 2 years BOS, over the next 2 years 13 26 25 26 35 50 37 45 32 15 11 -21 9 16 19 9 23 2 6 9 24 29 19 18 14 11 31 34 28 27 35 25 142224 42524 62924 6324 41124 13524 4924 -47-3824 -52-5324 -41-2124 -7-924 62424 33624 225024 154824 163224 264824 294224 72624 202424 146024 193424 72024 32424 -11824 42224 122824 172524 9332445442329 11392434442229 11442441441829 2202440442229 -6102443442129 1272447441929 -3172428441729 -482436441829 1715244341174641133944202958.0063.0072.0081.00 -54244336224641133544192944.0063.0070.0081.00 1421244737164641133844242931.0063.0056.0081.00 2132245134154641133744282970.0063.0083.0081.00 13462435165234144641133944192951.0063.0083.0081.00 2259242916662684641134644252956.0063.0064.0081.00 20572417164838144641134744252955.0063.0065.0081.00 25342429165039114641135644302965.0063.0096.0081.00 2541242416543794641134744262961.0063.0086.0081.00 1849241716563954641135744342968.0063.0094.0081.00 18402433165136134641135644372964.0063.0093.0081.00 23272425165139104641135744372972.0063.00101.0081.00 15142420164937144641133144192948.0063.0080.0081.00 1.90 7232420164938134641134244262956.0063.0069.0081.00 1.90 13162428164346124641135144342962.0063.0063.0081.00 1.90 11342411165336114641135344312945.0063.0070.0081.00 1.90 10162412164245144641134644282936.0063.0054.0081.00 1.90 -35-5824-30164140194641132744132911.0063.0028.0081.00 1.50 -21-22242163948134641134444252944.0063.0063.0081.00 1.90 012426165435114641135744332947.0063.0074.0081.00 1.80 2042244016514364641134644222986.0063.00111.0081.00 2.30 4381243616682934641136144232972.0063.0092.0081.00 2.80 5056244616712544641136544362977.0063.00107.0081.00 3.00 7261244716801734641137844412999.0063.00117.0081.00 4.403.302.60 4.403.202.603.80 68402442166631346411381444029112.0063.00128.0081.00 4.703.402.80 3.80 61572437166928346411379444229110.0063.00128.0081.005.403.602.60 5.103.302.60 5.503.402.504.80 3853.0018242916543974641137644462970.0063.0075.0081.005.603.502.60 5.603.402.60 5.003.102.504.20 31112420164644114641136944382971.0063.0075.0081.004.803.002.50 35.00 4.703.102.30 4.703.102.504.00 2234.0010241916543794641135944312972.0063.0082.0081.004.302.902.40 4.603.202.70 4.102.902.603.90 -1927.0082414164838144641134744302956.0063.0073.0081.003.802.702.70 3.902.902.60 3.802.802.403.50 -5021.000247163950124641134644322966.0063.0082.0081.003.502.802.70 3.802.802.50 3.402.702.503.30 -2210.00-102422163746164641134544272957.0063.0071.0081.003.702.602.40 3.502.802.60 3.402.702.503.20 -1819.004240164346114641135344222963.0063.0073.0081.003.202.702.40 3.002.602.60 3.102.502.403.00 -4621.00-12411163850124641134444152967.0063.0086.0081.003.302.602.50 3.302.702.60 2.902.502.503.00 -3621.0011249164245144641134744182951.0063.0080.0081.002.902.502.50 2.802.602.60 2.602.402.502.50 -4219.00302432164543124641133944172970.0063.0087.0081.002.402.302.40 2.702.502.70 2.802.602.702.50 -338.002224316-5.008.003254144641133344202977.0063.0088.0081.002.802.402.50 3.302.902.70 3.602.802.502.60 -346.00-624716-4.0012.003357104641133944162970.0063.0071.0081.003.702.902.40 3.302.902.80 2.902.702.602.70 -2118.00024716-4.0011.003850134641133444132962.0063.0072.0081.002.802.602.50 3.302.902.70 2.902.702.602.60 -1020.00132414166.008.003743214641133344222954.0063.0083.0081.002.902.702.60 3.202.802.80 3.002.902.802.60 -1522.0024242916-2.0031.004843104641134044212958.0063.0082.0081.002.902.802.80 3.002.802.80 3.302.902.802.60 3.002.802.80 2.902.702.60 3.502.902.90 3.803.403.00 57646044 44394125 27244720 22314322 20284840 958510 937990 8872112