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Business, employment conditions improving; loans more readily available, Bank of Canada says


Most small businesses can breathe a collective sigh of relief as the Bank of Canada has come out with some good news that says business  in Canada is becoming increasingly confident with what they're hearing about the economic recovery and are making plans to hire more workers. This in turn means that the banks are being more optimistic and loosening up their belts so that more money will be available to the average Canadian business. The central bank's quarterly business report was optimistic on several fronts. "The results of the winter survey provide some evidence that confidence in the recovery is growing," a statement from the bank read. "While the balance of opinion on future sales is little changed, and respondents still expect the recovery to be gradual, more firms are planning to increase investment spending and employment than in the previous two surveys." However, the report did state that certain small businesses are still facing tight lending conditions from the banks although the grants and loans from the government sector have remained  virtually unchanged.

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