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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

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