Canadian firms still positive about future, although enthusiasm wanes: BoC
OTTAWA - The Bank of Canada says Canadian firms remain upbeat about future prospects and the economy, although the level of enthusiasm appears to have dropped off somewhat.
The central bank's latest business outlook survey shows executives giving generally positive responses across a number of questions, from expectations on sales activity, hiring intentions and investment plans.
But in most cases, confidence levels dropped from the spring survey, which suggested firms were gearing up for stronger economy.
The bank analysis of the results is that businesses have not materially changed their expectations from the spring.
One positive, says the bank, is that business sentiment over export growth is gradually improving.
The survey of 100 representative companies was conducted between May 20 and June 12 and will inform the bank's new forecast on the economy, which will be released next week.
Read more Business News
- 102nd birthday boat cruiseKelowna
- Fundraising effort with a twistKelowna
- Burning pole cuts powerWest Kelowna
- Search on for missing manWest Kelowna
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.24||0.00|
|Copper Mountain Mining||2.91||-0.05|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.25||+0.01|
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...