11 Jan 2016
CAD: Bank of Canada’s Business Outlook Survey in the limelight - TDS
FXStreet (Delhi) – Research Team at TDS, suggests that the Bank of Canada’s Business Outlook Survey for Q4 will be the last major data release heading into the January 20 FAD.
Key Quotes
“TD expects the Future Sales Growth balance of opinion to fall to +10 from +16 in Q3 due to the continued push lower in commodity prices over the survey period. Housing starts are the only other event on the calendar; TD expects to see new starts decelerate to 200k for December. The warm weather should help to offset weakening multiple-unit starts, which would be consistent with the sharp drop in building permits we saw for November.”
Key Quotes
“TD expects the Future Sales Growth balance of opinion to fall to +10 from +16 in Q3 due to the continued push lower in commodity prices over the survey period. Housing starts are the only other event on the calendar; TD expects to see new starts decelerate to 200k for December. The warm weather should help to offset weakening multiple-unit starts, which would be consistent with the sharp drop in building permits we saw for November.”