GLOBAL ECONOMIC REPORTER

The Central Bank of Canada released the Business Outlook Survey for the summer. The survey respondents expect business conditions to improve for the next 12 months. 61% of the firms surveyed expect the sales volume to increase faster than the previous 12 months, an increase of 31 percentage points from the last survey in Q1 of 2009. The percentage of firms expecting slower sales fell to 23% from 52% in the last survey.