Hiring intentions hit all-time high in Bank of Canada business outlook survey

shows most businesses across the country and sectors plan to hire over the next 12 months as they foresee faster sales growth as restrictions loosen.

The central bank suggests the improved business and consumer sentiments reflect the pace of vaccinations and economic reopening, but adds that the results also suggest an uneven path out of the pandemic for the country's labour market. The number of businesses reporting improved indicators of future sales hit a record high in the quarterly survey, which the central bank suggested was another "concrete signal of a broad-based strengthening in demand relative to a year ago."

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