HALIFAX, N.S. - A new survey suggests Canadian businesses are not totally sold on the current economic recovery.
The Conference Board of Canada says that businesses in the survey were concerned about operating well under capacity because of poor demand. The private-sector forecaster says Canadian business confidence appears to have stalled over the past two quarters despite rapid economic growth.
The Conference Board's business confidence index dropped marginally in the first quarter of this year to 95.6 from 96.
The survey shows businesses are generally more confident about the economy as a whole and their financial positions.
But they also were worried about the strong Canadian dollar, which tends to erode exports of goods and services produced in this country.
The Canadian dollar was trading below 98 cents US on Tuesday but the loonie has been occasionally above parity in recent weeks.
