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Business Outlook Survey—Spring 2021
The Business Outlook Survey indicator moved up again, signalling further improvement in business sentiment. chart Business confidence across all regions has strengthened. Many firms consider the impacts of the pandemic on their activities to be behind them. Firms’ outlooks for domestic and foreign demand have improved from low levels a year ago, as most businesses are no longer preoccupied with pandemic-related uncertainty. Still, some businesses tied to high‑contact services continue to report weakness in demand. Nearly two‑thirds of firms indicated their sales have reached or exceeded pre-pandemic ... (full story)
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BoC Overall Business Outlook Survey Q1: 2.9 (prev 1.3)
— LiveSquawk (@LiveSquawk) April 12, 2021
- Business Outlook Future Sales Q1: 52.0 (prev 48.0)
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BOC SURVEY: CONSUMERS' HOPES FOR HOUSE PRICE INCREASES HAVE RISEN ONCE AGAIN, WITH THE ESTIMATED PREDICTED YEAR-OVER-YEAR INCREASE IN CANADA CURRENTLY AT 5.32%, THE FASTEST SINCE THE SECOND QUARTER OF 2016.
— Breaking Market News (@financialjuice) April 12, 2021
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BOC SURVEY INFLATION ASPIRATIONS FOR BUSINESSES HAVE RISEN, BUT MOST ARE STILL BELOW THE BANK OF CANADA'S 1 TO 3 GOAL RANGE.
— Breaking Market News (@financialjuice) April 12, 2021
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BoC: Many firms consider impacts of pandemic on activity to be behind them
"Many firms consider the impacts of the pandemic on their activities to be behind them," the Bank of Canada (BoC) noted in its Business Outlook Survey for the first quarter on Monday. Key takeaways as summarized by Reuters "Survey shows continued improvement in business sentiment; outlook indicator hits highest since level since mid-2018." "64% of firms indicated sales have reached or exceeded pre-pandemic levels; this is higher than the 52% recorded in Q4 and a sign recovery is broadening further." "Domestic and foreign sales prospects have picked up from weak levels a year ago, but outlook remains challenging for ... (full story)