Canada - English

C-suite discusses energy, infrastructure and economic outlook 

DOWNLOAD THE C-SUITE REPORT [PDF 446 KB]

This quarter’s c-suite survey [PDF 446 KB] shows near consensus that our national economy is too dependent on too few industries and relies too much on Alberta. In the energy sector, renewable energy and natural gas are seen as industries that will increase in importance in the next decade, and are deserving of public support. While our current industrial mix will help economic growth, the C-suite wants less focus on resources and more investment in technology intensive sectors like pharma & biotech, clean tech, aerospace and ICT.

The executives also believe government is spending too little on infrastructure, and in particular should invest more in road networks and public transit. Executives whose businesses would benefit from public transit are the most supportive of more infrastructure investment - the case is so strong that a majority of executives are willing to see short-term deficit spending to fund infrastructure.

Top highlights

Infrastructure

  • 62% believe governments are underfunding infrastructure in Canada.
  • Top of mind suggestions for where governments should improve infrastructure include roads, bridges, transit, highway infrastructure and reducing traffic congestion.
  • 65% support short-term government deficits to help fund capital investments in infrastructure.

 

Canadian Economy

  • 66% of executives expect the economy to grow over the next 12 months
  • Even though 70% agree Canada’s current industrial mix will lead to economic growth, the c-suite wants to see public support or investment in technology intensive sectors like pharma & biotech, clean tech, aerospace and ICT.

 Contact

Willy J. Kruh

Willy J. Kruh

Global Chairman, Consumer Markets

416-777-8710

Brad D. Watson

Brad D. Watson

Partner, Global Infrastructure Advisory, National Practice Leader, KPMG Canada

416-777-8142

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