Gains in the manufacturing and utilities sectors more than

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Gains in the manufacturing and utilities sectors more than

Mai 4, 2014
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The survey of about 100 firms found the balance of opinion on future sales growth was marginally positive as domestically oriented firms, including those tied to housing in some regions, expected a moderation in growth.It noted that firms that were optimistic about their sales prospects often expected benefit from sustained foreign or domestic demand, improving commodity prices or new products or initiatives to increase market share.“In particular, firms serving foreign customers reported that orders have improved compared with 12 months ago, and they expect export sales to increase at a greater rate https://www.i-eluxuryhandbags.com over the next year,“ the report said.However, the survey also said the number of firms that would have significant difficulty meeting an unanticipated increase in demand has increased to levels not seen since before the 2008 09 recession.“Reports of labour shortages are most prevalent in British Columbia but are also common in Central Canada,“ the report said.April GDP numbers The Bank of Canada survey came as Statistics Canada also reported Friday real gross domestic product edged up 0.1 per cent in April over the previous month, topping the expectations of economists for no change for the month.Gains in the manufacturing and utilities sectors more than offset declines in construction and in mining, quarrying, and oil and gas extraction to help the output of goods producing industries rise 0.2 per cent.Activity in the manufacturing sector rose 0.8 per cent in April as the output of both durable and non durable manufacturing grew.Services producing industries were essentially unchanged overall for the month.Both the business outlook survey and the latest reading on GDP will be scrutinized by the central bank ahead of its interest rate decision next month.The Bank of Canada kept its key interest rate target on hold at its last rate announcement, but the central bank’s accompanying statement was interpreted by many economists as suggesting that rates could head higher later this year.However, the Trump administration announced tariffs on steel and aluminum imports a day after the last rate announcement and has since made threats of additional tariffs on other goods including automobiles. Steel and aluminum imports as well as duties on a wide range of other goods.Bank of Canada governor Stephen Poloz said earlier this week the escalating cross border trade fight and new mortgage rules will „figure prominently“ in the central bank’s upcoming interest rate decision.Canada’s retaliatory tariffs are coming and they could hurt Canadians, tooThe governor added the central bank will continue to focus on economic data it can model rather than trying to follow political rhetoric.The Bank of Canada has raised its key interest rate target three times since last summer, moves that have prompted Canada’s big banks to raise their prime lending rates. The central bank’s target for the overnight rate sits at 1.25 per cent..

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