We’re clearly in a period of economic uncertainty.  For its part, Canada is doing relatively well – comparative to our U.S. neighbours, many parts of Europe and other global economies.  Notwithstanding government and central bank policies (the Bank of Canada raised its overnight rate by a 1/4 point yesterday), it’s business that will provide a clear indication of when things are back on track for good.  That signal hasn’t been heard quite yet. 

Terence Corcoran has written an interesting commentary about business confidence in today’s National Post.  Let us know what you think.  Are you seeing signs that businesses are making new investments or still holding out for an “all clear”?

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