Canadian businesses are expecting only a marginal acceleration in sales growth over the next 12 months, a new Bank of Canada poll released Monday suggests. The central bank's latest business outlook survey found that sales prospects remained gloomy among companies hit hard by the oil price slump. However, businesses in the service sectors were found to be more willing to invest and expand, it said. The survey found that businesses outside the affected commodity industries and in the service sectors were more optimistic about the coming year. "Overall, the surveys shouldn't impact [bank] policymakers either way, only reinforcing that rates are going to stay low for some time.

Source: CBC News July 04, 2016 16:30 UTC