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A Bay Street sign is seen in the heart of the financial district in Toronto, August 17, 2009.
A Bay Street sign is seen in the heart of the financial district in Toronto, August 17, 2009.
(Mark Blinch/Reuters)

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Canadian executives gloomy on economy, bullish on deals

Canadian executives are significantly more pessimistic about the shape of the world’s economy over the next six months than their counterparts in other countries. When it comes to potential deal making, however, they view the world from more of a glass half-full perspective.

Just 22 per cent of respondents believe the global economy is improving, according to a report to Ernst & Young’s Canadian Capital Confidence Barometer report due to be released today, far less than the 43 per cent who expressed optimism in April of this year. The study, which asks over 1,500 senior executive respondents to look six to 12 months into the future, found that Canadians have entered the fall season with much less hope for global recovery.