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05/11/2009 -
Canadian companies in the business-to-business sector may be able to expect more payment processing activity in the coming months, as business leaders have reported dramatically higher confidence levels, according to a recent report.The Conference Board of Canada reported Wednesday that the business confidence index rose to 97.8 points in the third quarter, up from 81.9 in the second quarter and marking the highest level since 2007.
Furthermore, approximately 61 percent of business leaders expect their company's finances to improve over the next six months, and more than half expect better profitability.
Regarding the economy in general, 63 percent of business leaders surveyed expect economic conditions to improve in the next six months, compared to 6.9 percent expecting a continued decline.
The report noted that these results make it "clear that businesses believe their cash-flow problems are beginning to dissipate," the Globe and Mail reported.
As businesses continue to improve their financial standing and resume spending, companies in the business-to-business sector are encouraged to invest in their credit card processing technology to ensure that they receive the maximum amount of possible sales.
