Market news
07.07.2014, 14:45

Bank of Canada: Canadian companies expect low inflation

The Bank of Canada released its business outlook survey for the second quarter on Monday:

  • There are "some encouraging signs for the economic outlook, although lingering uncertainty amid intense competition still hinders the pace of growth";
  • 64 % of executives expect the inflation to be at 1% to 2% over the next two years;
  • Canadian companies saw a "more modest improvement" in sales over the past 12 months, "expectations for future sales growth remain positive, and there are indications that business sentiment regarding exports is gradually firming";
  • Competitive conditions remain challenging;
  • Canadian companies operating on the domestic market hope that sales growth will improve;
  • Canadian companies operating on the international markets saw an improvement compared with a year ago due to a strengthening of the U.S. economy and the depreciation of the Canadian dollar.

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