A report from the Business Development Bank of Canada released Monday shows that the province’s businesses intend to spend 17.1 per cent more on technology, employee training and other investments.
A year ago, the intention of businesses was to cut spending by 27 per cent but this has been turned around by factors such as the rising oil price and construction gains from Fort McMurray rebuilding.
Half of the businesses polled said they expect revenues to grow in 2017, up from 33 per cent in 2016.
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Small and medium-sized businesses in Alberta are regaining confidence and plan to invest more this year.