COMPAS Poll/Survey
Jan 16, 2012
 

Part 2 of Two Parts: Canada's Economic Outlook

Rising Optimism about the Canadian Economic Outlook

Possibility of U.S. Implosion Greatest Threat; Provinces Greater Tax and Regulatory Threat than GoC; Harper Earns High Score for Managing Economy

  Weekly CEO/Business Leader Poll by COMPAS in Canadian Business
 
Categories:  
Policy and Opinion
Consumer and Lifestyle
Business and Finance
CEOs and business leaders on the COMPAS business panel are expressing a rising optimism about Canada's economic outlook. Optimism about Canada is returning to the level of 2003 even if panelists remain far less optimistic about the international outlook, as reported in more detail in last week's report. Among various possible threats to Canada's economy, the risk of an implosion in the U.S. economy ranks as the most serious drag on Canada's economy. Neither federal nor provincial governments are seen as major dampers on the economy. On the margins, provincial governments are seen as more of a problem in respect of poor regulation or high taxes than is the Government of Canada. Prime Minister Harper continues to earn very high scores for his management of the economy.

Asked how they would advise a hypothetical nephew on how to invest an inheritance, panelists remain largely unchanged in their counsel. In descending order of emphasis, they recommend:
  • Short-term cash investments;
  • Real estate or rental housing;
  • Canadian public companies or indexes; and
  • Gold and Precious metals.
The main change in recent years is a diminished emphasis on government bonds.

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