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fxJul 6, 2026, 8:42 AM

RBC: BoC Business Outlook Survey to Gauge Confidence Amid Energy Shock

RBC economists Nathan Janzen and Abbey Xu note the Bank of Canada's Q2 Business Outlook Survey will show how firms reacted to recent energy price volatility, with West Texas Intermediate (WTI) crude oil prices previously near volatile levels.

RBC economists Nathan Janzen and Abbey Xu highlight that the Bank of Canada's second-quarter Business Outlook Survey will provide insight into how businesses have responded to recent volatility in energy prices. The survey comes after a period of sharp swings in West Texas Intermediate (WTI) crude oil, which had been trading near elevated levels before retreating.

While the exact price range is not specified in the note, the economists emphasize that the data will help gauge overall business confidence and investment intentions amid the energy shock. The survey is closely watched for clues on inflation expectations and capacity pressures.

Source: FXStreet Forex News