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.
Read more Business News
- Family condemns RCMP BC - 7:49 pm
- Child pornography sentencePenticton / S. Okanagan - 6:13 pm
- Bobbitt hearing continuesPenticton / S. Okanagan - 6:16 pm
- Inquest into teen's Mill deathVernon / N. Okanagan - 4:30 pm
|QHR Technologies Inc||1.12||+0.01|
|Anavex Life Sciences||0.191||+0.001|
|Copper Mountain Mining||1.99||+0.05|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.45||0.00|
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...
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...
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...