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26/10/2009 -
Improved economic indicators and corporate performances in both Canada and the United States suggest a tentative recovery and a future return to consumer spending, reported the Globe and Mail this week."We have bounced across the bottom and now we're starting to float to the top," Hunter Harrison, chief executive officer of Canadian National Railway Company, told the newspaper.
The Globe and Mail noted that 84 percent of S&P 500 companies have exceeded earnings expectations, while 65 percent outperformed revenue expectations.
In addition, a number of top U.S. companies recently reinstated or raised shareholder dividends, a sign of improved performance.
Meanwhile in Canada, recent forecasts from three companies in three different sectors pointed to an "uneven recovery," said the newspaper.
In a separate report Monday, the Globe and Mail cited data from the Atlantic Provinces Economic Council, which reported that, excluding gasoline prices, retail sales in Atlantic Canada rose 2.5 percent in the second quarter over that quarter in the previous year.
As Canada begins its "uneven recovery," these retail sales are expected to continue rising as are corporate outlays. Therefore, businesses that want to make the most of this recovery are encouraged to make purchases as easy as possible for clients, and one way to do so is by offering credit card processing with up-to-date and PCI compliant POS terminals.
