The Business Outlook and Senior Loan Officer surveys from the BOC:

  • Prior 0.0
  • Survey says firms do not expect material increase in sales over next 12 months
  • Balances of opinion on investment, employment intentions declined further due to low oil prices
  • Firms expect little change in input price inflation over next 12 months
  • Output prices expected to increase at somewhat faster rate due to CAD depreciation
  • Inflation expectations concentrated in bottom half of BOC inflation target
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Senior Loan Officer Survey:

  • 6.7 vs -1.0 exp
  • Prior was -2.7
  • Overall business conditions broadly unchanged
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