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BOC Business Outlook & New Consumer.....>

CANADA DATA
CANADA DATA: BOC Business Outlook & New Consumer Expectations Survey Preview -
10:30 EDT Monday
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-Prior BOS Survey from Oct. showed balance of opinion on future sales unchanged
at a 2yr high of +23; on investment balance of opinion rose to +28 from +20.
-Inflation expectations remained subdued with 66% seeing it at/below 2%.
-Oct. Overall BOS Survey Indicator climbed to +0.4 from -0.1.
-BOC also publishing first ever consumer expectations survey, with questions on
outlook for CPI, jobs and personal finances. Most data goes back to 2014 and
format is similar to NY Fed polling.
-BOC Gov Poloz said Thursday he's tracking signs of "froth" in housing, consumer
debt a key vulnerability, investment damaged by trade wars.
-Poloz has touted BOS anecdotes/trends as influential in rate decisions; next
one Jan. 22 seen holding at 1.75%.
-Latest small biz Barometer from CFIB, with a much larger sample size, showed
the worst reading in 2019 in December.

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