Highlights of the Bank of Canada's business outlook survey

  • Prior was 21.0
  • Survey finds business activity continues to gain momentum
  • Prospects increasingly widespread
  • Firms expect sales growth to improve further on services and commodity sector
  • Many firms see US demand supporting outlook
  • Measures of labor shortages increased
  • Full report

This could be the final nail in the coffin for a July hike, or at least a very hawkish signal.

Have a look at these charts:

Those are the kinds of things that make a central bank feel like it's behind the curve.