Bank of Canada survey shows positive outlook

(July 9, 2012) -- "The simultaneous release of the BOS and SLOS provided a read on credit conditions from both the borrower and the lender’s perspective. The two surveys suggested some modest weakening in credit conditions," said Ferley. "This was most evident in the BOS where the diffusion measure (i.e., the difference between those seeing tighter versus easier conditions) swung to 7 in the second quarter of 2012 from -20 in the first quarter of the year."