The Bank of Canada released the results of their annual survey of business executives and SURPRISE the results are the worst in the past 10 years!!! What did they expect? Since Canada has not been in a major recession since 1992 and the past 8 years has seen massive growth in business earning, and a steady rise in real estate values, as well the past 4 years have seen continued and dramatic increases in the stock market.
Ok a few other highlights in this article:
- 57% of businesses expect less sales while 23% say they will increase
- 28% predict layoffs, while 20% plan to increase payrolls. It would be nice to now this in absolute numbers?
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