BOSSA.CZ (BOSSA.CZ)
Macroeconomics  |  January 15, 2013 09:33:03

BoC published outlook for the business environment


iPoint.cz Canadian companies have experienced in the last quarter of 2012 to produce a lower pressure and remain in fear of falling demand this year. The report published yesterday Bank of Canada (BoC), which performs a quarterly survey among domestic companies.

In comparison with the third quarter, however, view Canadian companies improved. More confident in sales and new investment. It's a mild surprise because the Canadian economy in the last quarter strongly influenced the conduct of fiscal cliff in the USA. Companies have had to adapt new strategies to sustain its competitiveness in a very competitive environment.The survey showed that fewer companies are worried about the problems of low demand. From the previous 47 percent now fears only 34 percent.

Canada has recovered from the global crisis very quickly and in 2009 was able to restore the number of jobs in the same numbers as before the crisis. The North American economy started to lose in the second half of last year. In Canada, concerns persist that bad last six months will affect the economy in 2013. In addition, the hockey superpower relatively low inflation 0.8 per cent, which also convinced the BoC to maintain interest rates at 1 percent level. Economists expect the rate change could come soon in 2014.

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