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- Aug 29, 2007
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Globe and Mail:Economy strong, business leery (Jan 15, 2008)
http://www.theglobeandmail.com/servlet/sto...PStory/Business
QUOTE The Bank of Canada`s latest business outlook survey suggests that the economy is still in overdrive, but that the high dollar is keeping inflation in check and companies are increasingly leery about what the future holds.
About 60 per cent of the companies that responded to the central bank`s quarterly survey said they were having difficulty meeting demand, especially in the services sector. That`s a record high for the survey - and a key indicator that the Canadian economy is facing capacity restraints.
"Pressures remain elevated in Western Canada and continued to rise in the rest of the country," the Bank of Canada said in its commentary yesterday. "Labour continues to be the most commonly reported constraint on production capacity."
...
"Expectations of solid domestic demand are helping to offset the dampening effect of the most recent appreciation of the Canadian dollar and a weaker outlook for U.S. economic growth on firms` sales expectations," the survey said. "Nonetheless, many firms reported increased uncertainty about the economic outlook."
...
By the numbers
42%Proportion of respondents who said they`d have `some difficulty` meeting an unexpected increase in demand. Some 18 per cent said they`d have `significant difficulty.`
41%
Respondents who said their company faced a shortage of labour, restricting its ability to meet demand.
You can load report at:
http://www.bank-banque-canada.ca/en/bos/20...er/bos0108e.pdf
http://www.theglobeandmail.com/servlet/sto...PStory/Business
QUOTE The Bank of Canada`s latest business outlook survey suggests that the economy is still in overdrive, but that the high dollar is keeping inflation in check and companies are increasingly leery about what the future holds.
About 60 per cent of the companies that responded to the central bank`s quarterly survey said they were having difficulty meeting demand, especially in the services sector. That`s a record high for the survey - and a key indicator that the Canadian economy is facing capacity restraints.
"Pressures remain elevated in Western Canada and continued to rise in the rest of the country," the Bank of Canada said in its commentary yesterday. "Labour continues to be the most commonly reported constraint on production capacity."
...
"Expectations of solid domestic demand are helping to offset the dampening effect of the most recent appreciation of the Canadian dollar and a weaker outlook for U.S. economic growth on firms` sales expectations," the survey said. "Nonetheless, many firms reported increased uncertainty about the economic outlook."
...
By the numbers
42%Proportion of respondents who said they`d have `some difficulty` meeting an unexpected increase in demand. Some 18 per cent said they`d have `significant difficulty.`
41%
Respondents who said their company faced a shortage of labour, restricting its ability to meet demand.
You can load report at:
http://www.bank-banque-canada.ca/en/bos/20...er/bos0108e.pdf