While study focused mainly on retail sector, it found just 45.5 per cent of Canadian businesses are online
The report says momentum building in countries such as the U.S. and Japan should support stronger growth in the developing countries
Almost one million 16-24 year olds are without work
CIBC report sites resurgence in manufacturing in first nine months of 2012 as key growth driver
Still, the bank pegged average growth at 2.2 per cent this year, one-tenth higher than projections in July.
Leaders will need to tackle entrenched interests with backing high in the Communist Party to avoid dangerously low growth levels.
Study conducted by the Canadian Institute of Chartered Accountants shows an increase in optimism for profit, revenue, hiring and overall economic performance.
Economists had expected a more robust showing of 0.2 per cent, and some even 0.3 per cent
Growth weakest since third quarter 2011 growth of 1.3 per cent
Last year the economy advanced 2.7 per cent, making it the weakest among the so-called BRIC nations.