The New Brunswick economy has been improving over the last couple of year and appears to be on the right track. That conclusion has been reached by Pierre Cleroux, Chief Economist with the Business Development Bank of Canada.
Cleroux says 71 per cent of businesses in New Brunswick expect to see their sales increase this year. He adds businesses in technology lead in terms of how much money they plan to invest with an increase of 38 per cent.
It’s a different store for retail which expects a drop of 31 per cent in the amount of money that will be invested.
Lack of confidence in the economy is no longer the primary obstacle to investiment. The lack of cash and lack of qualified workers are now the main obstacles.
