BoC: Business Outlook Survey painted an upbeat picture - TDS

Analysts at TD Securities point out that the Bank of Canada's Autumn Business Outlook Survey painted an upbeat picture, with a pickup in future sales, investment intentions, and persistent capacity pressures.

Key Quotes

“The report also revealed near-record labour shortages and showed the majority of firms surveyed expect inflation to run above 2% in the next two years. Looking past the BOS, existing home sales were slightly weaker than expected in September with their first decline in five months. Sales activity was down 0.4% at the national level, led by a 1.5% decline in Vancouver.”