BoC’s BOS to convey an upbeat tone - TDS

The Bank of Canada’s quarterly Business Outlook Survey (BOS) will be published at 10:30 ET and analysts at TDS expect the report to convey an upbeat tone The Bank of Canada’s quarterly Business Outlook Survey (BOS) will be published at 10:30 ET.

Key Quotes

“We expect the report to convey an upbeat tone, balancing a positive assessment of business conditions against the persistent threat of restrictive trade measures. After the last survey noted an increase in the intensity of labour shortages, any notion of labour market slack will be downplayed amid the creation of another 193k jobs over the last three months and firm-level inflation expectations could also edge higher to reflect recent strength in CPI.”

“US: With no data releases scheduled, markets will focus their attention on a trio of Fed speakers. Atlanta Fed President is first to bat with a 12:40 ET address on the economic outlook. Meanwhile, San Francisco Fed President Williams and Boston Fed President Rosengren are both set to speak later today at a conference on rethinking the 2% inflation target.”