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- Bank of Canada (BoC) Q4 Business Outlook Survey reveals that business sentiment is broadly positive
Bank of Canada (BoC) Q4 Business Outlook Survey reveals that business sentiment is broadly positive
- Expectations for future sales growth remain positive. Foreign demand, particularly US demand, continues to lift export prospects, with businesses reporting improved orders from foreign customers compared with 12 months ago. In addition, with concerns around trade tensions declining somewhat, firms' expectations for US economic growth have recovered slightly
- Intentions to increase investment spending are somewhat less widespread but remain positive
- Firms' hiring intentions improved
- The indicator of capacity pressures edged up for the third consecutive quarter, suggesting that economic slack has been absorbed
- Inflation expectations are unchanged
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