Bank of Canada survey forecasts weaker sales growth this year

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Businesses in Canada expect sales growth to slow materially over the next 12 months after reporting solid sales growth last year, according to a Bank of Canada Business Outlook Survey, published on January 9.

Although sales growth has held up well in the past year, the report shows the balance of opinion on future sales has turned slightly negative for the first time since the first quarter of 2009, with 41% of businesses expecting less sales growth in the next year.

It said firms in Western

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