FXstreet.com (Barcelona) - The Business Outlook Survey, released by the Bank of Canada, predicts that while confidence in the economy's of the country is growing, the majority of the business executives polled still feel the road to recovery will be a gradual one.

An increasing number of companies have plans to increase investment spending and employment, while expectations of inflation have moderated.

Firms also report that financial institutions have increased their lending to businesses, yet most of the credit improvements have been modest and concentrated among large firms.

The Bank of Canada carries out the survey by interviewing 100 national business leaders.