Jobs and Sales are Looking Up in Canada

The Bank of Canada is under pressure to raise interest rates on reports that the job situation was improving for all businesses. With inflation staying within the target range and credit conditions easing due to a sales increase it seems all the more likely. The bank has plans to hire a lot more staff to support plans for expansion. Other companies are having difficulty meeting a rising demand for goods especially in commodities in Western Canada. Eighty percent of businesses expect inflation to stay at 3% or lower over the next year in Canada.

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Canada businesses upbeat on jobs, sales — poll