Business Sales Optimism Rebounds in Canada Bank Survey

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Canadian businesses reported a rebound in optimism about future sales at the end of last year, a quarterly central bank survey showed.

The balance of opinion for sales over the next 12 months rose to 16 percentage points in the Bank of Canada’s survey of about 100 executives, after falling to zero in the prior report. The balance of opinion on sales over the past 12 months was negative 2, the first reading below zero in more than two years.