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Bank of Canada says mood of Canadian businesses remains ‘subdued’ as oil shock lingers

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OTTAWA – The mood among Canadian business leaders is “subdued overall,” because the drag in the oil-price shock is constantly on the overshadow steady foreign demand that’s been fuelled with a weak dollar. “Expectations for future sales growth remain positive, with clear signs of support from U.S. demand,” the financial institution of Canada said Friday in the spring Business Outlook ...

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