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Bank of Canada Business Outlook Survey
Firms reported a less robust sales performance over the past 12 months than in recent surveys (Chart 1), and the zero balance of opinion on future sales growth indicates that they expect sales to increase at the same rate over the next 12 months (Chart 2). Amid further indications that the global economic outlook will remain subdued, the moderation in future sales expectations was concentrated among firms most exposed to global demand, particularly those in the manufacturing sector. Commodity demand and steady, albeit modest, domestic momentum are still among the main factors generally providing positive support to ... (full story)