The Business Outlook Survey indicator in Canada rose to 4.17 in the second quarter of 2021 from an upwardly revised 2.95 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, with most firms saying the uncertainty related to the pandemic was gone. There were no records of deterioration in sales performance and an unprecedented number of companies showed improved indicators of future sales, although sales in 4 out of 10 businesses were still below pre-pandemic levels. Plans to invest and increase staff levels were widespread as firms prepared to meet an unexpected rise in demand, while capacity and labor shortage pressures were also higher. source: Bank of Canada
Business Climate Indicator in Canada averaged 0 points from 2003 until 2021, reaching an all time high of 4.17 points in the second quarter of 2021 and a record low of -8.24 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 July 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.