BoC Outlook Survey Preview BoC Outlook Survey Preview: The winter outlook survey (10:30 ET) is expected to reveal a weaker outlook as growth moderated following the upbeat Q2 and Q3 performance and oil/commodity prices plummeted. The balance of opinion on future sales is projected to pullback to 33.0 in Q4, but only after improvement to 35.0 in Q3, which was the best reading since Q1 2012. The risk is to the downside for this indicator, with a return to the mid 20.0 not out of the question. Inflation expectations should remain concentrated in BoC's 1-3% band, although projections may drift to the lower half of the band. Pressures on capacity could nudge lower Q4 as the pace of GDP moderated in the quarter, remaining consistent with an environment of spare capacity. Overall, the outlook survey should support a patient and constructive tone at the January 21 announcement and Monetary Policy Report.