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12.04.2021 22:56

BoC's spring business outlook survey: Business sentiment continues to improve in spring

  • Firms reported less uncertainty related to coronavirus pandemic and strengthening demand from weak levels
  • Nearly two‑thirds of firms indicated their sales have reached or exceeded pre-pandemic levels
  • Overall, measure of business outlook increased to +2.87 from +1.3 in winter survey, the highest reading since Q2 of 2018
  • Business confidence across all regions has strengthened
  • Domestic and foreign sales prospects have picked up from weak levels a year ago, but outlook remains challenging for firms tied to high-contact services
  • Measure of future sales increased to +52 from +48 in winter survey
  • Many businesses intend to increase their investment spending to meet growing demand and add needed capacity
  • Measure of investment intentions over the next 12 months increased to +40 from +26 in winter survey
  • Firms’ employment outlooks remain uneven; three-quarters of businesses reported that their staffing levels were not negatively affected by pandemic or have fully recovered, while many of these remaining one-quarter of firms do not expect a full return to pre-pandemic employment levels within the next 12 months
  • Measure of hiring intention increased to +45 from +43 in winter survey
  • Firms expect positive pressures on growth of their input prices, wages and output prices
  • Inflation expectations increased but most remain in BoC's 1-3 percent inflation-control target range
  • 55% of firms see inflation running above 2% (42% - 2 to 3% and 13% - above 3%), the highest level since 2018


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00