A new survey shows that Canadian businesses are more optimistic about future sales, reports the Toronto Star.
The latest survey commissioned by the Bank of Canada shows that 58 percent of businesses believe that sales will improve over the next year. That's a sharp increase from the previous quarter, when just 37 percent had a positive outlook.
Respondents pointed to an improving economy in the U.S. and reduced concern about the European debt crisis as reason for optimism in the overall global economy. The survey also indicated that companies planned to hire more workers and possibly invest in machinery or equipment.
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