Trade woes weigh on business confidence as Bank of Canada weighs decision [Financial Post (Toronto, Ontario, Canada)]
Royal Bank Of Canada (RY)
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Source: Financial Post
Trade woes weigh on business confidence as Bank of Canada weighs decision Kevin Carmichael: Canada is now two economies and the central bank has to decide which is dominant I have spoken to the leaders of two large Canadian companies recently. One heads a Montreal-based designer and seller of shoes with stores all over the world. The other runs an Alberta trucking company that employs thousands people hauling bulk goods around Canada and the United States. Guess which one was feeling better about life? “Business for us is good,” said David Bensadoun, chief executive of closely held Aldo Group Inc., who this month announced a partnership with Lasalle College in Montreal that will allow the school to offer a specialization in shoe design. “It seems like (store) traffic is stabilizing,” he said. Things are less good at Okotoks, Alta.-based Mullen Group Ltd., which oversees some 30 businesses devoted to trucking, logistics, and oilfield services. “Some are doing well, and some
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