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The Bank of Canada (BoC) released its Spring Business Outlook Survey on Friday. The BoC's survey showed that business sentiment in Canada improved but remained subdued overall. The improvement of the sentiment was driven by foreign demand, according to the survey.
Expectations for future sales growth remained positive, supported by U.S. demand, the BoC said.
Investment and hiring intentions rose but remained modest, so BoC Business Outlook Survey.
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