Canadian finance professionals grew more optimistic about the global economy in the first half of 2013 despite tightening domestic conditions, says the ‘Global Economic Conditions Survey’ (GECS) from the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA). “Demand and cash-flow conditions continued to tighten in Canada in the first six months of the year and access to growth capital appears to have become harder,” says Emmanouil Schizas, senior economic analyst at ACCA and editor of the GECS. Despite these conditions, he says there is optimism emerging, especially for the wider, global economy. Canada’s finance professionals are slightly more optimistic than they were this time a year ago, with 46 per cent believing the economy is recovering or about to do so, up from 42 per cent.
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