BoC BOS: Caught in the crossfire of a trade war? - TDS

Robert Both, macro strategist at TD Securities, points out that the Bank of Canada will publish the Business Outlook Survey (BOS) on Friday, June 28th amid an increasingly murky global backdrop.

Key Quotes

“If the consultation period mirrors that of the 2018 survey (May 3rd - June 5th) it would overlap with a sharp increase in US-China tensions and the start of the short-lived US-Mexico skirmish.”

“With the April BOS showing a broad pullback in quantitative BOS measures, the developments over the last three months raise the question of whether the June survey will continue this trend and paint the picture for lower rates.”