Monday, October 20th9.8°C
23836
23786

Bank of Canada survey shows some positive signs, but uncertainty continues

OTTAWA - The Bank of Canada says there are some positive signs for the economy, but businesses remain concerned about weak demand and domestic uncertainty.

In its business outlook survey, the central bank says sales expectations were supported by improvements in the United States.

The Bank of Canada says 34 per cent of those surveyed saw sales growth over the last 12 months, while 37 per cent saw lower sales.

However, 51 per cent said they expect sales to improve over the next 12 months compared with 22 per cent that expect sales to fall.

The balance of opinion also suggested more firms expected to increase investment in machinery and equipment and hire more workers.

The survey was conducted between Nov. 18 and Dec. 12, 2013.

The Canadian Press


Read more Business News

23846


Recent Trending




Today's Market
S&P TSX14337.77+110.09
S&P CDNX811.351.22
DJIA16399.6719.26
Nasdaq4316.075+57.637
S&P 5001904.01+17.25
CDN Dollar0.8876+0.0017
Gold1249.80+5.1001
Oil81.58+0.20
Lumber330.40-0.50
Natural Gas3.679+0.009

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.12+0.01
Cantex0.055-0.025
Anavex Life Sciences0.191+0.001
Metalex Ventures0.050.00
Russel Metals32.28-0.07
Copper Mountain Mining1.99+0.05
Colorado Resources0.15+0.005
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.450.00

 



20759

FEATURED Property
16927432440 Old Okanagan Hwy
3 bedrooms 2 baths
$225,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_



23545




Member of BC Press Council


23524