<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 7: Firms’ employment plans have weakened, while investment plans remain strong</label>
    <description><![CDATA[Investment spending: Compared with the past 12 months, do you expect your firm’s investment spending on machinery and equipment over the next 12 months to be higher, lower or the about same? Number of employees: Compared with today, do you expect your firm’s number of employees over the next 12 months to be higher, lower or about the same?

* Percentage of firms expecting investment spending to be higher minus the percentage expecting investment spending to be lower
† Percentage of firms expecting number of employees to be higher minus the percentage expecting number of employees to be lower

Source: Business Outlook Survey]]></description>
    <link>https://www.bankofcanada.ca/?p=254713</link>
</groupDetail>
<seriesDetail>
<series id="BOS_2026Q2_C7_S1">
<label>Investment spending, change over the next 12 months (balance of opinion,* left scale)</label>
<description>Investment spending, change over the next 12 months (balance of opinion,* left scale)</description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2026Q2_C7_S2">
<label>Historical average balance of opinion, investment spending (left scale)</label>
<description>Historical average balance of opinion, investment spending (left scale)</description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2026Q2_C7_S3">
<label>Number of employees, change over the next 12 months (balance of opinion,† right scale)</label>
<description>Number of employees, change over the next 12 months (balance of opinion,† right scale)</description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_2026Q2_C7_S4">
<label>Historical average balance of opinion, number of employees (right scale)</label>
<description>Historical average balance of opinion, number of employees (right scale)</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2017-01-01"><v s="BOS_2026Q2_C7_S1">35</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">38</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2017-04-01"><v s="BOS_2026Q2_C7_S1">29</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">58</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2017-07-01"><v s="BOS_2026Q2_C7_S1">17</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">34</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2017-10-01"><v s="BOS_2026Q2_C7_S1">29</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">39</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2018-01-01"><v s="BOS_2026Q2_C7_S1">24</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">45</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2018-04-01"><v s="BOS_2026Q2_C7_S1">17</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">51</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2018-07-01"><v s="BOS_2026Q2_C7_S1">33</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">38</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2018-10-01"><v s="BOS_2026Q2_C7_S1">25</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">41</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2019-01-01"><v s="BOS_2026Q2_C7_S1">20</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">35</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2019-04-01"><v s="BOS_2026Q2_C7_S1">20</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">36</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2019-07-01"><v s="BOS_2026Q2_C7_S1">28</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">31</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2019-10-01"><v s="BOS_2026Q2_C7_S1">11</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">42</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2020-01-01"><v s="BOS_2026Q2_C7_S1">12</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">28</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2020-04-01"><v s="BOS_2026Q2_C7_S1">-30</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">22</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2020-07-01"><v s="BOS_2026Q2_C7_S1">2</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">26</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2020-10-01"><v s="BOS_2026Q2_C7_S1">26</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">43</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2021-01-01"><v s="BOS_2026Q2_C7_S1">40</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">45</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2021-04-01"><v s="BOS_2026Q2_C7_S1">36</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">65</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2021-07-01"><v s="BOS_2026Q2_C7_S1">46</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">67</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2021-10-01"><v s="BOS_2026Q2_C7_S1">47</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">77</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2022-01-01"><v s="BOS_2026Q2_C7_S1">42</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">63</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2022-04-01"><v s="BOS_2026Q2_C7_S1">37</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">66</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2022-07-01"><v s="BOS_2026Q2_C7_S1">29</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">47</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2022-10-01"><v s="BOS_2026Q2_C7_S1">20</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">35</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2023-01-01"><v s="BOS_2026Q2_C7_S1">19</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">45</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2023-04-01"><v s="BOS_2026Q2_C7_S1">14</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">34</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2023-07-01"><v s="BOS_2026Q2_C7_S1">7</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">27</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2023-10-01"><v s="BOS_2026Q2_C7_S1">22</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">21</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2024-01-01"><v s="BOS_2026Q2_C7_S1">0</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">32</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2024-04-01"><v s="BOS_2026Q2_C7_S1">11</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">26</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2024-07-01"><v s="BOS_2026Q2_C7_S1">9</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">28</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2024-10-01"><v s="BOS_2026Q2_C7_S1">32</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">33</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2025-01-01"><v s="BOS_2026Q2_C7_S1">3</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">18</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2025-04-01"><v s="BOS_2026Q2_C7_S1">7</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">23</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2025-07-01"><v s="BOS_2026Q2_C7_S1">7</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">25</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2025-10-01"><v s="BOS_2026Q2_C7_S1">14</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">16</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2026-01-01"><v s="BOS_2026Q2_C7_S1">29</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">38</v><v s="BOS_2026Q2_C7_S4">33</v></o>
<o d="2026-04-01"><v s="BOS_2026Q2_C7_S1">30</v><v s="BOS_2026Q2_C7_S2">16</v><v s="BOS_2026Q2_C7_S3">27</v><v s="BOS_2026Q2_C7_S4">33</v></o>
</observations>
</data>