Business sentiment in Canada has picked up to show a slight improvement after falling earlier this year, according to a new survey by the Bank of Canada., which measures corporate expectations, bounced back after falling into negative territory at the start the year.
“Sales optimism is concentrated in Central Canada and includes positive expectations for housing activity. Nevertheless firms anticipate weakness in sales tied to the Western Canadian oil industry to persist,” the report said. The central bank’s spring business outlook survey indicator dropped into negative territory in the wake of that weakness, however recent data has shown an improving economy.
Statistics Canada reported Friday real gross domestic product grew 0.3 per cent in April to kick off the second quarter.
globebusiness With the likelihood of a conservative government investment starts to eye Canada again.