The Bank of Canada's Business Outlook Survey (BOS) is a quarterly survey of firms' expectations for sales, orders, prices, and employment. The survey provides a forward-looking perspective on the Canadian economy, and is one of the tools used by the Bank of Canada to inform its monetary policy decisions. It's a valuable gauge for traders and is increasingly relied up in setting monetary policy.
The survey is conducted by the Bank of Canada and is based on a sample of firms from across Canada. The survey participants are asked about their expectations for various economic indicators, such as sales and prices, over the next six to twelve months. The results of the survey are then used to create a composite picture of the overall business outlook for the Canadian economy.
The BOS is widely used by economists, policymakers and market participants to gain insight into the Canadian economy's performance and direction. The survey helps the bank to identify any risks or imbalances in the economy, and to assess the overall state of the economy. The bank also uses the survey to help determine the appropriate monetary policy stance, by looking at the firms' expectations for inflation and growth, and the level of capacity utilization.
The survey results are published on the bank's website, with a summary of the main findings and a detailed report of the survey's results and methodologies.
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