Investment in equipment and personnel in Canada are at their lowest levels since the 2009 recession.
That’s according to a report released by the Bank of Canada.
Companies expectations for this year dropped in concert with the plunge of commodity prices, especially oil.
However, that is primarily a problem only for domestic companies.
Exporters not tied to commodities, on the other hand, are planning to increase their investment in response to strong foreign demand.
That demand is in part the result of a weakening Canadian dollar.
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