Bank Of Canada: Canadian Firms

Global Economy Dept: OTTAWA - Canadian firms remain surprisingly optimistic about the next year with positive expectations for sales, investment and hiring despite concern about the global economy, the Bank of Canada's new survey of business intentions suggests, according to Winnipeg Free Press. The most encouraging reading is on hiring intentions, with 59 per cent of firms saying they plan to hire additional workers in the next 12 months, as opposed to only six per cent that plan to cut jobs and the Bank of Canada is shown in Ottawa, April 13, 2011. THE CANADIAN PRESS/Fred Chartrand The much-watched quarterly survey, released Monday, reveals a Canadian business sector that is wary about the renewed uncertainty and risks over the global outlook, but mostly confident they will be able to cope. (www.immigrantscanada.com). As reported in the news.