Below are key takeaways from the Bank of Canada’s recently published Business Outlook Survey””Autumn 2018.
- The balance of opinion on past sales growth moved down but remains positive, indicating rising sales growth over the past 12 months.
- The indicator of future sales growth increased and is positive, suggesting a faster pace of growth over the next 12 months.
- Firms’ positive sales outlook is underpinned by a solid, broad-based improvement in recent sales indicators.
- Still, many businesses expect their future sales to be limited by capacity constraints (frequently labour-related), competition and regulation.
- After edging down in recent surveys, the balance of opinion on investment intentions rebounded to a high level in the autumn survey.
- Following a steady increase over several surveys, the balance of opinion on employment intentions receded but remains positive across all regions and sectors
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