<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Heightened trade uncertainty has led businesses to reduce their hiring and investment plans</label>
    <description><![CDATA[Share of respondents, Business Leaders’ Pulse

Respondents were asked what changes, if any, they anticipate in their employment and capital expenditures due to uncertainty arising from the threat of US tariffs on Canadian goods and retaliatory tariffs on US goods.

Bank of Canada]]></description>
    <link>https://www.bankofcanada.ca/?p=244685</link>
</groupDetail>
<seriesDetail>
<series id="FAD_2025M03_FIRMS_CUT_S1">
<label>Decrease</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FAD_2025M03_FIRMS_CUT_S2">
<label>Remain unchanged</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FAD_2025M03_FIRMS_CUT_S3">
<label>Increase</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FAD_2025M03_FIRMS_CUT_S4">
<label>I don’t know</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="FAD_2025M03_FIRMS_CUT_S5">
<label>No response</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Employment"><v s="FAD_2025M03_FIRMS_CUT_S1">40</v><v s="FAD_2025M03_FIRMS_CUT_S2">37</v><v s="FAD_2025M03_FIRMS_CUT_S3">2</v><v s="FAD_2025M03_FIRMS_CUT_S4">9</v><v s="FAD_2025M03_FIRMS_CUT_S5">12</v></o>
<o k="Capital expenditures"><v s="FAD_2025M03_FIRMS_CUT_S1">48</v><v s="FAD_2025M03_FIRMS_CUT_S2">23</v><v s="FAD_2025M03_FIRMS_CUT_S3">9</v><v s="FAD_2025M03_FIRMS_CUT_S4">7</v><v s="FAD_2025M03_FIRMS_CUT_S5">13</v></o>
</observations>
</data>