The 26th Quarterly C-Suite Survey: What is Canada's C-Suite thinking? 

On Monday, March 5th, 2012 KPMG along with The Globe and Mail, BNN and The Gandalf Group released the findings of our 26th quarterly C-suite survey. In this survey the findings focused on the economic outlook for Canada, spending cuts and the upcoming federal budget, labour market challenges, pensions, and the emerging economies.

The 26th Quarterly C-Suite Survey: What is Canada's C-Suite thinking?

C-suite confidence in the Canadian and US economies has improved for a second straight quarter, after a challenging summer/fall. Most executives now expect growth for the US economy again, a turnaround since September when most thought the US economy was in decline or at risk. Still, the vast majority expect only moderate growth for the Canadian economy. On average the prediction is for GDP growth of just less than 2%.

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The 26th Quarterly C-Suite Survey: What is Canada's C-Suite thinking?

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Other Key Findings include:

 

  • Related to the upcoming Federal budget, there is no support for “across the board” cuts. Executives want the government to be strategic and efficient with spending cuts.
  • The labour market is a top priority for executives; many are looking for increased investments to expand the pool of skilled labour. Those concerned about the fragility of the economy said it’s important to invest in skills training.
  • Just over half of those surveyed agreed that delaying retirement age in the coming years will help with labour shortages, but most believe matters will worsen as more of the baby boom enters retirement.

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