The Canadian Press

2016-04-01 | BoC Business Outlook

Preview Clip

The Bank of Canada says the majority of companies polled in its latest business outlook survey have reported benefits from the effects low oil prices have had on the Canadian dollar. But as Canadian Press reporter Terry Pedwell tells us, the sliding loonie is causing price headaches for some. (The price of oil is down about 60 per cent since mid-2014. The slump's fallout knocked Canada into a technical recession last year after the economy contracted over two straight quarters.)

Date: 2016-04-01
Placeline: OTTAWA.
Source: The Canadian Press
Length: 17 seconds

Transcript Prediction: << the central bank's quarterly survey shows that in most cases the weaker Looney is help exporters such as manufacturers compete south-of-the-border some of the roughly 100 company survey is it also reap benefits from increased tourism in Canada still others have reported significant price pressures as they look to buy equipment priced in US dollars >>