The Business Outlook Survey indicator in Canada rose to 4.73 in the third quarter of 2021 from a downwardly revised 3.96 in the previous period. It was the highest reading on records, signalling both low base year effects, as comparisons are drawn from business conditions of a year earlier, and broadening positive sentiment. Firms anticipate growth in both domestic and foreign demand, as business continues to benefit from easing of pandemic related restrictions. Consequently, higher demand led to struggles with capacity pressure, as businesses had to limit potentially higher sales due to understaffing problems and difficulties obtaining raw materials. Therefore, firms plan to increase capital and machinery, while employment intentions remain at record high levels. source: Bank of Canada
Business Climate Indicator in Canada averaged 0 points from 2003 until 2021, reaching an all time high of 4.73 points in the third quarter of 2021 and a record low of -8.11 points in the fourth quarter of 2008. This page provides - Canada Business Outlook Survey Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Business Outlook Survey Indicator - values, historical data and charts - was last updated on October of 2021.
Business Climate Indicator in Canada is expected to be 3.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.