<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Business Outlook Survey—data by firm size (four quarter moving averages) - Investment in machinery and equipment</label>
    <description><![CDATA[Firm sizes are defined as follows: small firms have 10 to 99 employees, medium-sized firms have 100 to 499 employees, and large firms have 500 or more employees. Because the responses are presented here as four-quarter moving averages, these charts may not show the same movements as the aggregate BOS data published each quarter.]]></description>
    <link>https://www.bankofcanada.ca/?p=217700</link>
</groupDetail>
<seriesDetail>
<series id="BOS_INV_S">
<label>Small firms</label>
<description>Investment in machinery and equipment, four-quarter moving average - Over the next 12 months, your firm’s investment spending on M&amp;E (compared with the past 12 months) is expected to be…</description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_INV_M">
<label>Medium-sized firms</label>
<description>Investment in machinery and equipment, four-quarter moving average - Over the next 12 months, your firm’s investment spending on M&amp;E (compared with the past 12 months) is expected to be…</description>
<dimension key="d" name="Date"/>
</series>
<series id="BOS_INV_L">
<label>Large firms</label>
<description>Investment in machinery and equipment, four-quarter moving average - Over the next 12 months, your firm’s investment spending on M&amp;E (compared with the past 12 months) is expected to be…</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2004-01-01"><v s="BOS_INV_S">6.56</v><v s="BOS_INV_M">0.90</v><v s="BOS_INV_L">4.45</v></o>
<o d="2004-04-01"><v s="BOS_INV_S">14.48</v><v s="BOS_INV_M">5.57</v><v s="BOS_INV_L">10.36</v></o>
<o d="2004-07-01"><v s="BOS_INV_S">12.77</v><v s="BOS_INV_M">7.16</v><v s="BOS_INV_L">20.06</v></o>
<o d="2004-10-01"><v s="BOS_INV_S">10.27</v><v s="BOS_INV_M">7.67</v><v s="BOS_INV_L">27.84</v></o>
<o d="2005-01-01"><v s="BOS_INV_S">13.84</v><v s="BOS_INV_M">15.34</v><v s="BOS_INV_L">26.45</v></o>
<o d="2005-04-01"><v s="BOS_INV_S">7.56</v><v s="BOS_INV_M">9.34</v><v s="BOS_INV_L">35.48</v></o>
<o d="2005-07-01"><v s="BOS_INV_S">-0.92</v><v s="BOS_INV_M">14.09</v><v s="BOS_INV_L">40.78</v></o>
<o d="2005-10-01"><v s="BOS_INV_S">5.00</v><v s="BOS_INV_M">15.78</v><v s="BOS_INV_L">33.31</v></o>
<o d="2006-01-01"><v s="BOS_INV_S">8.78</v><v s="BOS_INV_M">17.45</v><v s="BOS_INV_L">40.95</v></o>
<o d="2006-04-01"><v s="BOS_INV_S">13.18</v><v s="BOS_INV_M">23.14</v><v s="BOS_INV_L">37.05</v></o>
<o d="2006-07-01"><v s="BOS_INV_S">22.70</v><v s="BOS_INV_M">17.59</v><v s="BOS_INV_L">31.06</v></o>
<o d="2006-10-01"><v s="BOS_INV_S">17.54</v><v s="BOS_INV_M">13.88</v><v s="BOS_INV_L">40.51</v></o>
<o d="2007-01-01"><v s="BOS_INV_S">14.19</v><v s="BOS_INV_M">14.35</v><v s="BOS_INV_L">38.08</v></o>
<o d="2007-04-01"><v s="BOS_INV_S">9.89</v><v s="BOS_INV_M">14.15</v><v s="BOS_INV_L">36.63</v></o>
<o d="2007-07-01"><v s="BOS_INV_S">4.16</v><v s="BOS_INV_M">18.70</v><v s="BOS_INV_L">31.78</v></o>
<o d="2007-10-01"><v s="BOS_INV_S">0.07</v><v s="BOS_INV_M">22.67</v><v s="BOS_INV_L">22.45</v></o>
<o d="2008-01-01"><v s="BOS_INV_S">-1.66</v><v s="BOS_INV_M">10.22</v><v s="BOS_INV_L">17.25</v></o>
<o d="2008-04-01"><v s="BOS_INV_S">1.55</v><v s="BOS_INV_M">9.74</v><v s="BOS_INV_L">18.17</v></o>
<o d="2008-07-01"><v s="BOS_INV_S">3.11</v><v s="BOS_INV_M">14.88</v><v s="BOS_INV_L">21.70</v></o>
<o d="2008-10-01"><v s="BOS_INV_S">5.48</v><v s="BOS_INV_M">-1.86</v><v s="BOS_INV_L">8.41</v></o>
<o d="2009-01-01"><v s="BOS_INV_S">2.34</v><v s="BOS_INV_M">-2.44</v><v s="BOS_INV_L">0.67</v></o>
<o d="2009-04-01"><v s="BOS_INV_S">-3.61</v><v s="BOS_INV_M">-11.99</v><v s="BOS_INV_L">-10.52</v></o>
<o d="2009-07-01"><v s="BOS_INV_S">-0.58</v><v s="BOS_INV_M">-21.67</v><v s="BOS_INV_L">-16.81</v></o>
<o d="2009-10-01"><v s="BOS_INV_S">-1.40</v><v s="BOS_INV_M">-10.35</v><v s="BOS_INV_L">6.46</v></o>
<o d="2010-01-01"><v s="BOS_INV_S">6.13</v><v s="BOS_INV_M">0.54</v><v s="BOS_INV_L">15.03</v></o>
<o d="2010-04-01"><v s="BOS_INV_S">10.12</v><v s="BOS_INV_M">4.33</v><v s="BOS_INV_L">23.51</v></o>
<o d="2010-07-01"><v s="BOS_INV_S">11.26</v><v s="BOS_INV_M">15.04</v><v s="BOS_INV_L">35.68</v></o>
<o d="2010-10-01"><v s="BOS_INV_S">18.76</v><v s="BOS_INV_M">21.27</v><v s="BOS_INV_L">32.99</v></o>
<o d="2011-01-01"><v s="BOS_INV_S">12.09</v><v s="BOS_INV_M">23.62</v><v s="BOS_INV_L">40.49</v></o>
<o d="2011-04-01"><v s="BOS_INV_S">17.29</v><v s="BOS_INV_M">32.15</v><v s="BOS_INV_L">40.97</v></o>
<o d="2011-07-01"><v s="BOS_INV_S">16.70</v><v s="BOS_INV_M">25.84</v><v s="BOS_INV_L">38.41</v></o>
<o d="2011-10-01"><v s="BOS_INV_S">15.53</v><v s="BOS_INV_M">25.65</v><v s="BOS_INV_L">32.97</v></o>
<o d="2012-01-01"><v s="BOS_INV_S">20.83</v><v s="BOS_INV_M">25.65</v><v s="BOS_INV_L">25.94</v></o>
<o d="2012-04-01"><v s="BOS_INV_S">17.33</v><v s="BOS_INV_M">23.01</v><v s="BOS_INV_L">28.20</v></o>
<o d="2012-07-01"><v s="BOS_INV_S">20.01</v><v s="BOS_INV_M">20.87</v><v s="BOS_INV_L">18.05</v></o>
<o d="2012-10-01"><v s="BOS_INV_S">20.82</v><v s="BOS_INV_M">21.06</v><v s="BOS_INV_L">16.33</v></o>
<o d="2013-01-01"><v s="BOS_INV_S">18.89</v><v s="BOS_INV_M">13.71</v><v s="BOS_INV_L">15.86</v></o>
<o d="2013-04-01"><v s="BOS_INV_S">19.53</v><v s="BOS_INV_M">1.58</v><v s="BOS_INV_L">14.18</v></o>
<o d="2013-07-01"><v s="BOS_INV_S">16.73</v><v s="BOS_INV_M">0.56</v><v s="BOS_INV_L">16.25</v></o>
<o d="2013-10-01"><v s="BOS_INV_S">14.84</v><v s="BOS_INV_M">0.30</v><v s="BOS_INV_L">18.03</v></o>
<o d="2014-01-01"><v s="BOS_INV_S">19.55</v><v s="BOS_INV_M">3.88</v><v s="BOS_INV_L">16.87</v></o>
<o d="2014-04-01"><v s="BOS_INV_S">20.89</v><v s="BOS_INV_M">17.27</v><v s="BOS_INV_L">15.30</v></o>
<o d="2014-07-01"><v s="BOS_INV_S">21.99</v><v s="BOS_INV_M">18.88</v><v s="BOS_INV_L">22.33</v></o>
<o d="2014-10-01"><v s="BOS_INV_S">20.30</v><v s="BOS_INV_M">12.10</v><v s="BOS_INV_L">21.62</v></o>
<o d="2015-01-01"><v s="BOS_INV_S">13.94</v><v s="BOS_INV_M">9.36</v><v s="BOS_INV_L">18.39</v></o>
<o d="2015-04-01"><v s="BOS_INV_S">11.50</v><v s="BOS_INV_M">1.58</v><v s="BOS_INV_L">16.58</v></o>
<o d="2015-07-01"><v s="BOS_INV_S">9.82</v><v s="BOS_INV_M">0.81</v><v s="BOS_INV_L">14.80</v></o>
<o d="2015-10-01"><v s="BOS_INV_S">9.55</v><v s="BOS_INV_M">0.92</v><v s="BOS_INV_L">7.18</v></o>
<o d="2016-01-01"><v s="BOS_INV_S">9.61</v><v s="BOS_INV_M">2.59</v><v s="BOS_INV_L">8.84</v></o>
<o d="2016-04-01"><v s="BOS_INV_S">11.93</v><v s="BOS_INV_M">5.80</v><v s="BOS_INV_L">5.11</v></o>
<o d="2016-07-01"><v s="BOS_INV_S">15.11</v><v s="BOS_INV_M">11.53</v><v s="BOS_INV_L">-0.28</v></o>
<o d="2016-10-01"><v s="BOS_INV_S">13.59</v><v s="BOS_INV_M">19.93</v><v s="BOS_INV_L">11.50</v></o>
<o d="2017-01-01"><v s="BOS_INV_S">19.38</v><v s="BOS_INV_M">25.56</v><v s="BOS_INV_L">20.34</v></o>
<o d="2017-04-01"><v s="BOS_INV_S">19.33</v><v s="BOS_INV_M">29.42</v><v s="BOS_INV_L">30.71</v></o>
<o d="2017-07-01"><v s="BOS_INV_S">17.46</v><v s="BOS_INV_M">26.09</v><v s="BOS_INV_L">34.11</v></o>
<o d="2017-10-01"><v s="BOS_INV_S">27.18</v><v s="BOS_INV_M">24.92</v><v s="BOS_INV_L">30.47</v></o>
<o d="2018-01-01"><v s="BOS_INV_S">23.39</v><v s="BOS_INV_M">23.56</v><v s="BOS_INV_L">26.39</v></o>
<o d="2018-04-01"><v s="BOS_INV_S">21.36</v><v s="BOS_INV_M">19.76</v><v s="BOS_INV_L">23.61</v></o>
<o d="2018-07-01"><v s="BOS_INV_S">19.97</v><v s="BOS_INV_M">23.34</v><v s="BOS_INV_L">33.55</v></o>
<o d="2018-10-01"><v s="BOS_INV_S">13.92</v><v s="BOS_INV_M">30.74</v><v s="BOS_INV_L">30.11</v></o>
<o d="2019-01-01"><v s="BOS_INV_S">20.97</v><v s="BOS_INV_M">23.36</v><v s="BOS_INV_L">29.74</v></o>
<o d="2019-04-01"><v s="BOS_INV_S">17.29</v><v s="BOS_INV_M">24.20</v><v s="BOS_INV_L">34.21</v></o>
<o d="2019-07-01"><v s="BOS_INV_S">23.80</v><v s="BOS_INV_M">24.73</v><v s="BOS_INV_L">23.27</v></o>
<o d="2019-10-01"><v s="BOS_INV_S">26.57</v><v s="BOS_INV_M">9.42</v><v s="BOS_INV_L">25.61</v></o>
<o d="2020-01-01"><v s="BOS_INV_S">23.00</v><v s="BOS_INV_M">10.04</v><v s="BOS_INV_L">20.97</v></o>
<o d="2020-04-01"><v s="BOS_INV_S">20.50</v><v s="BOS_INV_M">-0.79</v><v s="BOS_INV_L">-2.20</v></o>
<o d="2020-07-01"><v s="BOS_INV_S">12.82</v><v s="BOS_INV_M">-8.67</v><v s="BOS_INV_L">-5.97</v></o>
<o d="2020-10-01"><v s="BOS_INV_S">13.95</v><v s="BOS_INV_M">-1.34</v><v s="BOS_INV_L">-3.70</v></o>
<o d="2021-01-01"><v s="BOS_INV_S">14.38</v><v s="BOS_INV_M">11.17</v><v s="BOS_INV_L">4.57</v></o>
<o d="2021-04-01"><v s="BOS_INV_S">24.52</v><v s="BOS_INV_M">24.60</v><v s="BOS_INV_L">31.19</v></o>
<o d="2021-07-01"><v s="BOS_INV_S">31.24</v><v s="BOS_INV_M">34.60</v><v s="BOS_INV_L">46.79</v></o>
<o d="2021-10-01"><v s="BOS_INV_S">33.34</v><v s="BOS_INV_M">38.97</v><v s="BOS_INV_L">55.11</v></o>
<o d="2022-01-01"><v s="BOS_INV_S">29.65</v><v s="BOS_INV_M">38.97</v><v s="BOS_INV_L">57.31</v></o>
<o d="2022-04-01"><v s="BOS_INV_S">27.37</v><v s="BOS_INV_M">45.01</v><v s="BOS_INV_L">52.37</v></o>
<o d="2022-07-01"><v s="BOS_INV_S">25.29</v><v s="BOS_INV_M">37.79</v><v s="BOS_INV_L">51.29</v></o>
<o d="2022-10-01"><v s="BOS_INV_S">23.02</v><v s="BOS_INV_M">33.82</v><v s="BOS_INV_L">38.73</v></o>
<o d="2023-01-01"><v s="BOS_INV_S">25.75</v><v s="BOS_INV_M">21.93</v><v s="BOS_INV_L">34.56</v></o>
<o d="2023-04-01"><v s="BOS_INV_S">23.51</v><v s="BOS_INV_M">13.88</v><v s="BOS_INV_L">27.55</v></o>
<o d="2023-07-01"><v s="BOS_INV_S">14.76</v><v s="BOS_INV_M">17.15</v><v s="BOS_INV_L">13.76</v></o>
<o d="2023-10-01"><v s="BOS_INV_S">8.87</v><v s="BOS_INV_M">15.72</v><v s="BOS_INV_L">22.48</v></o>
<o d="2024-01-01"><v s="BOS_INV_S">-1.09</v><v s="BOS_INV_M">19.84</v><v s="BOS_INV_L">11.65</v></o>
<o d="2024-04-01"><v s="BOS_INV_S">-4.21</v><v s="BOS_INV_M">16.61</v><v s="BOS_INV_L">16.86</v></o>
<o d="2024-07-01"><v s="BOS_INV_S">1.58</v><v s="BOS_INV_M">13.69</v><v s="BOS_INV_L">16.86</v></o>
<o d="2024-10-01"><v s="BOS_INV_S">3.19</v><v s="BOS_INV_M">21.91</v><v s="BOS_INV_L">13.90</v></o>
<o d="2025-01-01"><v s="BOS_INV_S">5.37</v><v s="BOS_INV_M">15.79</v><v s="BOS_INV_L">19.97</v></o>
<o d="2025-04-01"><v s="BOS_INV_S">2.79</v><v s="BOS_INV_M">16.57</v><v s="BOS_INV_L">16.78</v></o>
<o d="2025-07-01"><v s="BOS_INV_S">4.97</v><v s="BOS_INV_M">10.45</v><v s="BOS_INV_L">18.99</v></o>
<o d="2025-10-01"><v s="BOS_INV_S">4.34</v><v s="BOS_INV_M">2.22</v><v s="BOS_INV_L">14.36</v></o>
<o d="2026-01-01"><v s="BOS_INV_S">11.64</v><v s="BOS_INV_M">12.18</v><v s="BOS_INV_L">17.82</v></o>
</observations>
</data>