Sluggish Growth: Quarterly Business Outlook Survey

quarterly business outlook survey: The findings of the central bank's much-watched quarterly business outlook survey is not good news for those hoping to see a strong economic rebound in the second half of this year or in 2014 after what has been almost two years of sluggish growth, according to Huffington Post. "Many firms continue to report that uncertainty is affecting investment decisions, notably by leading them to postpone projects, or to shift their focus toward initiatives that involve less risk or smaller outlays." OTTAWA - Canadian firms are turning progressively gloomier about the slow pace of the world's economy and say they want to see signs of progress before ramping up hiring and investment, a new Bank of Canada survey suggests. "Weak demand and uncertainty regarding future demand continue to weigh on firms' investment decisions and near-term capacity planning," the bank said in its summation. (www.immigrantscanada.com). As reported in the news.