Canadian businesses see brighter future, Bank of Canada reports

OTTAWA — Canadian companies are offering a glimmer of hope that the recent slowdown in the economy could soon be behind us.

While sales by Canadian companies were stagnant at the end of last year, as global growth slowed, the outlook for future business activity appears to be picking up.

The Bank of Canada said Monday its quarterly survey of companies showed “further indications that firms have faced a period of softness in economic conditions.”

 

The survey — gauging business sentiment in the fourth quarter of 2012 — found 35% of companies saw sales growth weaken over the past 12 months. That is up from 27% in the previous quarter.

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