- Analytics
- News and Tools
- Market News
- BoC's Business Outlook Survey: Sentiment is strongly negative in all regions and sectors due to impacts from COVID‑19 pandemic and drop in oil prices
BoC's Business Outlook Survey: Sentiment is strongly negative in all regions and sectors due to impacts from COVID‑19 pandemic and drop in oil prices
- Overall Business Outlook Survey indicator fell sharply (to -7.0 in Q2 from 0.5 in Q1) due to the impacts of COVID‑19 pandemic and measures to contain the spread of the virus
- Businesses expect weakness in domestic and foreign demand to continue due to impacts from COVID‑19 and low oil prices
- Forward-looking sales indicators collapsed; now at a record-low level, future sales indicators are suggesting a notable decline in sales growth in the near term
- Softer sales expectations are widespread across all regions and sectors, with firms often expressing high degree of uncertainty about consumer behaviour and future demand
- Half of exporters expect their sales abroad to decrease over the next 12 months
- However, many businesses expect weakness in their sales to be temporary and not extend over entire 12-month period ahead; half of firms anticipate that their sales will mostly recover within next year as pandemic-related impacts recede
- Businesses in most regions and sectors intend to significantly cut their investment spending; hiring plans are muted
- Expectations for input and output price growth as well as for overall inflation are all down considerably because of weak demand related to the pandemic
- Firms’ inflation expectations declined significantly to a near-record low; many businesses anticipate inflation will be below 1 percent over the next two years
- Credit conditions have tightened significantly, but government measures are helpful offset
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
