Bank of Canada: Business Outlook Survey—Fourth Quarter of 2024

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Business Outlook Survey—Fourth Quarter of 2024

Monday 20 January 2025 10:30 AM UTC+00
Results from the Business Outlook Survey and the Business Leaders' Pulse show that overall business conditions remain subdued, but firms are beginning to anticipate improvements in activity. Sales outlooks continue to show signs of improvement after a period of weakness. Yet many businesses still have spare capacity, which is reducing their need to expand. Firms expect cost growth, including wages, to soften further. Expectations for inflation moved slightly higher but remain within the Bank of Canada's target range.

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