<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>The employment outlook is weak, particularly for exporters</label>
    <description><![CDATA[Expected employment growth over the next 12 months, relative to historical average

Data are weighted by firm size.  The historical average is taken from January 2022 through May 2025.

Business Leaders' Pulse]]></description>
    <link>https://www.bankofcanada.ca/?p=246366</link>
</groupDetail>
<seriesDetail>
<series id="SPEECH_MACK20250618_C4_S1">
<label>All firms</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SPEECH_MACK20250618_C4_S2">
<label>Exporters</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SPEECH_MACK20250618_C4_S3">
<label>Non-exporters</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2022-01-01"><v s="SPEECH_MACK20250618_C4_S1">3.99</v><v s="SPEECH_MACK20250618_C4_S2">4.11</v><v s="SPEECH_MACK20250618_C4_S3">3.92</v></o>
<o d="2022-02-01"><v s="SPEECH_MACK20250618_C4_S1">1.99</v><v s="SPEECH_MACK20250618_C4_S2">3.21</v><v s="SPEECH_MACK20250618_C4_S3">1.12</v></o>
<o d="2022-03-01"><v s="SPEECH_MACK20250618_C4_S1">1.69</v><v s="SPEECH_MACK20250618_C4_S2">2.71</v><v s="SPEECH_MACK20250618_C4_S3">0.92</v></o>
<o d="2022-04-01"><v s="SPEECH_MACK20250618_C4_S1">2.59</v><v s="SPEECH_MACK20250618_C4_S2">4.51</v><v s="SPEECH_MACK20250618_C4_S3">1.02</v></o>
<o d="2022-05-01"><v s="SPEECH_MACK20250618_C4_S1">3.29</v><v s="SPEECH_MACK20250618_C4_S2">4.41</v><v s="SPEECH_MACK20250618_C4_S3">2.52</v></o>
<o d="2022-06-01"><v s="SPEECH_MACK20250618_C4_S1">2.49</v><v s="SPEECH_MACK20250618_C4_S2">3.51</v><v s="SPEECH_MACK20250618_C4_S3">1.72</v></o>
<o d="2022-07-01"><v s="SPEECH_MACK20250618_C4_S1">0.89</v><v s="SPEECH_MACK20250618_C4_S2">1.71</v><v s="SPEECH_MACK20250618_C4_S3">0.22</v></o>
<o d="2022-08-01"><v s="SPEECH_MACK20250618_C4_S1">0.19</v><v s="SPEECH_MACK20250618_C4_S2">0.91</v><v s="SPEECH_MACK20250618_C4_S3">-0.08</v></o>
<o d="2022-09-01"><v s="SPEECH_MACK20250618_C4_S1">0.59</v><v s="SPEECH_MACK20250618_C4_S2">0.91</v><v s="SPEECH_MACK20250618_C4_S3">0.52</v></o>
<o d="2022-10-01"><v s="SPEECH_MACK20250618_C4_S1">0.49</v><v s="SPEECH_MACK20250618_C4_S2">1.51</v><v s="SPEECH_MACK20250618_C4_S3">0.42</v></o>
<o d="2022-11-01"><v s="SPEECH_MACK20250618_C4_S1">0.99</v><v s="SPEECH_MACK20250618_C4_S2">1.41</v><v s="SPEECH_MACK20250618_C4_S3">1.12</v></o>
<o d="2022-12-01"><v s="SPEECH_MACK20250618_C4_S1">1.09</v><v s="SPEECH_MACK20250618_C4_S2">1.91</v><v s="SPEECH_MACK20250618_C4_S3">1.02</v></o>
<o d="2023-01-01"><v s="SPEECH_MACK20250618_C4_S1">1.39</v><v s="SPEECH_MACK20250618_C4_S2">1.61</v><v s="SPEECH_MACK20250618_C4_S3">1.02</v></o>
<o d="2023-02-01"><v s="SPEECH_MACK20250618_C4_S1">1.59</v><v s="SPEECH_MACK20250618_C4_S2">2.01</v><v s="SPEECH_MACK20250618_C4_S3">1.12</v></o>
<o d="2023-03-01"><v s="SPEECH_MACK20250618_C4_S1">-0.01</v><v s="SPEECH_MACK20250618_C4_S2">0.11</v><v s="SPEECH_MACK20250618_C4_S3">-0.28</v></o>
<o d="2023-04-01"><v s="SPEECH_MACK20250618_C4_S1">-0.11</v><v s="SPEECH_MACK20250618_C4_S2">-0.59</v><v s="SPEECH_MACK20250618_C4_S3">0.32</v></o>
<o d="2023-05-01"><v s="SPEECH_MACK20250618_C4_S1">-1.41</v><v s="SPEECH_MACK20250618_C4_S2">-1.79</v><v s="SPEECH_MACK20250618_C4_S3">-1.08</v></o>
<o d="2023-06-01"><v s="SPEECH_MACK20250618_C4_S1">-1.11</v><v s="SPEECH_MACK20250618_C4_S2">-1.39</v><v s="SPEECH_MACK20250618_C4_S3">-0.88</v></o>
<o d="2023-07-01"><v s="SPEECH_MACK20250618_C4_S1">-1.21</v><v s="SPEECH_MACK20250618_C4_S2">-0.99</v><v s="SPEECH_MACK20250618_C4_S3">-1.38</v></o>
<o d="2023-08-01"><v s="SPEECH_MACK20250618_C4_S1">-0.71</v><v s="SPEECH_MACK20250618_C4_S2">-0.29</v><v s="SPEECH_MACK20250618_C4_S3">-0.88</v></o>
<o d="2023-09-01"><v s="SPEECH_MACK20250618_C4_S1">-0.61</v><v s="SPEECH_MACK20250618_C4_S2">0.51</v><v s="SPEECH_MACK20250618_C4_S3">-1.18</v></o>
<o d="2023-10-01"><v s="SPEECH_MACK20250618_C4_S1">-0.31</v><v s="SPEECH_MACK20250618_C4_S2">-0.39</v><v s="SPEECH_MACK20250618_C4_S3">0.02</v></o>
<o d="2023-11-01"><v s="SPEECH_MACK20250618_C4_S1">-0.61</v><v s="SPEECH_MACK20250618_C4_S2">-0.69</v><v s="SPEECH_MACK20250618_C4_S3">-0.28</v></o>
<o d="2023-12-01"><v s="SPEECH_MACK20250618_C4_S1">-0.21</v><v s="SPEECH_MACK20250618_C4_S2">-0.69</v><v s="SPEECH_MACK20250618_C4_S3">0.32</v></o>
<o d="2024-01-01"><v s="SPEECH_MACK20250618_C4_S1">-0.41</v><v s="SPEECH_MACK20250618_C4_S2">-0.29</v><v s="SPEECH_MACK20250618_C4_S3">-0.58</v></o>
<o d="2024-02-01"><v s="SPEECH_MACK20250618_C4_S1">-0.01</v><v s="SPEECH_MACK20250618_C4_S2">-0.19</v><v s="SPEECH_MACK20250618_C4_S3">0.02</v></o>
<o d="2024-03-01"><v s="SPEECH_MACK20250618_C4_S1">-0.21</v><v s="SPEECH_MACK20250618_C4_S2">0.11</v><v s="SPEECH_MACK20250618_C4_S3">-0.48</v></o>
<o d="2024-04-01"><v s="SPEECH_MACK20250618_C4_S1">-0.51</v><v s="SPEECH_MACK20250618_C4_S2">0.11</v><v s="SPEECH_MACK20250618_C4_S3">-0.98</v></o>
<o d="2024-05-01"><v s="SPEECH_MACK20250618_C4_S1">-0.21</v><v s="SPEECH_MACK20250618_C4_S2">0.61</v><v s="SPEECH_MACK20250618_C4_S3">-0.78</v></o>
<o d="2024-06-01"><v s="SPEECH_MACK20250618_C4_S1">-0.71</v><v s="SPEECH_MACK20250618_C4_S2">-0.29</v><v s="SPEECH_MACK20250618_C4_S3">-0.88</v></o>
<o d="2024-07-01"><v s="SPEECH_MACK20250618_C4_S1">-0.71</v><v s="SPEECH_MACK20250618_C4_S2">-0.79</v><v s="SPEECH_MACK20250618_C4_S3">-0.58</v></o>
<o d="2024-08-01"><v s="SPEECH_MACK20250618_C4_S1">-1.01</v><v s="SPEECH_MACK20250618_C4_S2">-1.19</v><v s="SPEECH_MACK20250618_C4_S3">-0.68</v></o>
<o d="2024-09-01"><v s="SPEECH_MACK20250618_C4_S1">-0.41</v><v s="SPEECH_MACK20250618_C4_S2">-1.09</v><v s="SPEECH_MACK20250618_C4_S3">0.02</v></o>
<o d="2024-10-01"><v s="SPEECH_MACK20250618_C4_S1">-0.41</v><v s="SPEECH_MACK20250618_C4_S2">-0.99</v><v s="SPEECH_MACK20250618_C4_S3">0.02</v></o>
<o d="2024-11-01"><v s="SPEECH_MACK20250618_C4_S1">-0.71</v><v s="SPEECH_MACK20250618_C4_S2">-0.99</v><v s="SPEECH_MACK20250618_C4_S3">-0.58</v></o>
<o d="2024-12-01"><v s="SPEECH_MACK20250618_C4_S1">-0.71</v><v s="SPEECH_MACK20250618_C4_S2">-1.49</v><v s="SPEECH_MACK20250618_C4_S3">-0.48</v></o>
<o d="2025-01-01"><v s="SPEECH_MACK20250618_C4_S1">-0.61</v><v s="SPEECH_MACK20250618_C4_S2">-1.29</v><v s="SPEECH_MACK20250618_C4_S3">-0.38</v></o>
<o d="2025-02-01"><v s="SPEECH_MACK20250618_C4_S1">-0.51</v><v s="SPEECH_MACK20250618_C4_S2">-2.39</v><v s="SPEECH_MACK20250618_C4_S3">0.62</v></o>
<o d="2025-03-01"><v s="SPEECH_MACK20250618_C4_S1">-0.81</v><v s="SPEECH_MACK20250618_C4_S2">-2.89</v><v s="SPEECH_MACK20250618_C4_S3">0.42</v></o>
<o d="2025-04-01"><v s="SPEECH_MACK20250618_C4_S1">-1.41</v><v s="SPEECH_MACK20250618_C4_S2">-3.99</v><v s="SPEECH_MACK20250618_C4_S3">-0.08</v></o>
<o d="2025-05-01"><v s="SPEECH_MACK20250618_C4_S1">-1.61</v><v s="SPEECH_MACK20250618_C4_S2">-3.49</v><v s="SPEECH_MACK20250618_C4_S3">-0.78</v></o>
</observations>
</data>