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Canadian Executives Show Dramatic Shift In Outlook On The Economy

Expectations of economy in Canada, U.S. shows sharp turnaround since February

On Monday the Globe & Mail reported on the latest C-Suite survey of Canadian corporate executives.There has been a dramatic shift in attitudes in the past seven months. In the February survey almost 90 per cent of those polled thought the economy would shrink in the coming 12 months.That has almost completely reversed, with 85 per cent now saying growth will occur in the next year.

Executives who responded to the C-Suite questionnaire said the key action that has helped return growth to the domestic economy was the Bank of Canada’s low-interest-rate policy. About 87 per cent said that was an important move.

Federal stimulus money and federal infrastructure funds were also a help, more than three-quarters of the respondents said. The home renovation tax credit and the auto industry bailout got a much cooler response, and were deemed “important” by 68 per cent and 41 per cent, respectively.

In Wasaga Beach the last few months have seen an increase in the number of homes sold undoubtedly on the back of growing confidence in the economy.

This entry was posted on Tuesday, October 6th, 2009 at 7:44 am and is filed under I Feel Good. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Wasaga Beach 2009 Real Estate Sales Figures; September Update | Wasaga Beach Real Estate-Wasaga Beach Homes For Sale-Wasaga Beach News said at October 6th, 2009 at 1:48 pm

   [...] overall outlook on the economy is much more positive than in early 2009 and in the Georgian Triangle as a whole [...]

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