The Canadian Press

2015-04-06 | BoC Business Outlook

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The Bank of Canada says the sting of lower oil prices has dampened the confidence of companies when it comes to future sales growth, investment and hiring. Canadian Press reporter Terry Pedwell says the banks' latest business outlook survey shows cheaper crude has curbed sales expectations beyond the energy sector including firms down the supply chain. (The bank says more businesses expected the weaker exchange rate to help boost output prices over the coming 12 months.)

Date: 2015-04-06
Placeline: OTTAWA.
Source: The Canadian Press
Length: 18 seconds

Transcript Prediction: << the influential survey also says while firms future hiring intentions were made positive the Outlook has diminished to its lowest level since 2009 on the other hand the survey found a growing number of companies expect their input costs to fall because of Cheaper oil prices do some anticipated the lower Canadian dollar to partially offset those games >>


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