Bank of Canada (BoC) Business Outlook Survey is published every quarter, providing the evaluation of economic conditions in the country. Data are derived from a survey of about 100 Canadian companies (selected in accordance with their contribution to the national GDP). Respondents are asked about business outlook and current business conditions.
The survey only reflects the opinion of survey respondents and does not necessarily reflect the policy of the Bank of Canada. Nevertheless, analysts and economists always closely monitor the survey publication. Depending on provided estimates, the survey release can have a short-term effect on the CAD quotes.