Survey reveals concerns of Canadian c-suites
Canadian business leaders are cautious about NAFTA, the rise of interest rates and advancing manufacturing and technology.
A survey of 153 c-suite executives at ROB1000 companies by the Gandalf Group reveals that 64% are opposed to a further 25 basis point increase in interest rates with 39% saying the increase would have a negative impact on their business.
Those companies in Western Canada and the resources sector are most likely to oppose interest rate rises.
Only a third of respondents believe that the BoC will increase rates for a third time this year when it meets later this month, partly because 84% of business leaders believe that economic growth will moderate in 2018.
On NAFTA, most c-suite executives want freer movement of workers and want Canadian companies to have access to US government procurement and not the protectionist “Buy American” policies heralded by Donald Trump.
Three quarters of leaders want the dispute resolution process to remain part of NAFTA although half would accept its removal from the agreement in return for access to labour and public sector markets.
Although slightly more than half of respondents said that they are opposed to the $15 minimum wage proposed by Alberta and Ontario, few believe that their businesses will be significantly impacted by it.
A survey of 153 c-suite executives at ROB1000 companies by the Gandalf Group reveals that 64% are opposed to a further 25 basis point increase in interest rates with 39% saying the increase would have a negative impact on their business.
Those companies in Western Canada and the resources sector are most likely to oppose interest rate rises.
Only a third of respondents believe that the BoC will increase rates for a third time this year when it meets later this month, partly because 84% of business leaders believe that economic growth will moderate in 2018.
On NAFTA, most c-suite executives want freer movement of workers and want Canadian companies to have access to US government procurement and not the protectionist “Buy American” policies heralded by Donald Trump.
Three quarters of leaders want the dispute resolution process to remain part of NAFTA although half would accept its removal from the agreement in return for access to labour and public sector markets.
Although slightly more than half of respondents said that they are opposed to the $15 minimum wage proposed by Alberta and Ontario, few believe that their businesses will be significantly impacted by it.
