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The 30th C-Suite Survey: federal budget in focus 

Executives are divided on whether Canada’s government should tend towards austerity or stimulus, according to the 30th edition of the survey [PDF 951KB]. This survey, sponsored by KPMG, is conducted by the Gandalf Group, and published and broadcast by The Globe and Mail, BNN and Report on Business.

C-Suite Survey


Half of Canadian executives surveyed believe now is the time for the government to provide stimulus for the economy, however most support stimulus for targeted priorities such as infrastructure. These findings follow closely on the heels of the March 21 federal budget which addressed similar priorities from immigration to skills training.

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Top highlights

  • Expectations for the US economy have improved to the point where executives’ outlook for the US is as positive as it is for the Canadian economy – something the C-Suite hasn’t said in over three years
  • Outlook for the Canadian economy remains relatively unchanged since the last quarter, with 75 percent of executives indicating moderate growth
  • Weak economic growth forecasts and declining government revenues, found most agreed there is a need to cut government spending
  • While there may be support for government austerity, there is almost no appetite for raising taxes to help reduce the debt
  • Investing in skills training, and admitting more foreign trained workers are among the best impetus to spur economic growth. The vast majority agreed immigration is going to be critical to labour market needs.

 

For full details, download the survey now [PDF 951KB].

 Federal budget webcast replay

 

Federal budget webcast

 

KPMG's Senior Tax professionals share insights on the budget's tax changes.

 

 Contact us

Willy Kruh

Willy Kruh

Global Chairman, Consumer Markets

416 777 8710

Elio Luongo

Elio Luongo

Canadian Managing Partner, Tax

416-777-3586

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