Bank of Canada survey : "It's been a soft year for business, but things could be looking up"

Posted by Fed Finance Canada in Fed Finance news
Posted at 12/10/2015
Bank of Canada survey : "It's been a soft year for business, but things could be looking up"

Business outlook tepid as commodities price slide weighs on economy.

But manufacturing and service sectors poised to grow as U.S. economy rebounds.

Business sentiment in Canada remains tepid overall, according to the Bank of Canada, as the adverse effects of weak commodity prices work their way through the economy.

In its Business Outlook Survey released Friday, the central bank found most businesses had a slowdown in sales growth in the economic downturn of the first half of year.

But there is evidence that manufacturing and service sectors are starting to pick up the slack from the waning resource sector, with about 46 per cent of businesses surveyed anticipating a rise in sales growth in the coming year.

A low dollar and improving U.S. economy are giving them hope, with many (...)

(...) to read the full article, please click here:

http://www.cbc.ca/news/business/business-outlook-survey-bank-of-canada-1.3264822

Source : cbc News / www.cbc.ca


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