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HomeWealth ManagementCanadian enterprise leaders' confidence in economic system is crashing

Canadian enterprise leaders’ confidence in economic system is crashing


Inflation is the runaway prime problem for giant enterprise (29% cited it) whereas provide chain points got here a distant second (14%) with different issues not making double figures.

“Canadian enterprise leaders at the moment are clearly involved about financial points whereas, a number of months in the past, the pandemic was prime of thoughts.” says David-Alexandre Brassard, CPA Canada’s chief economist. “Our outcomes present that 70% of those enterprise leaders say inflation is at present hurting their companies and 44% count on that to proceed for a 12 months or extra.”

Minding their enterprise

When requested about their very own companies, respondents had been additionally much less optimistic quarter-over-quarter.

Those that had been optimistic within the second quarter fell from 64% (in Q1) to 46% and whereas most (61%) imagine that revenues will rise over the following 12 months, that is down from 74% within the earlier quarter.

For earnings, simply 45% thought that they might improve, down from 63% within the first quarter.

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