COMPAS Poll/Survey
May 7, 2012
 

Impact of Higher Gasoline Prices on Business-Mainly Predictions of Increases in Prices with Some Cutbacks in Consumption

  Weekly CEO/Business Leader Poll by COMPAS in Canadian Business
 
Categories:  
Policy and Opinion
Consumer and Lifestyle
Business and Finance
In the wake of increased gasoline prices, CEOs and business leaders on the COMPAS business panel were asked for their perceptions of how this was affecting business. They foresee the general impacts on the economy to be similar to those during past hikes. The effect on business organizations will be mainly to increase prices but sizeable minorities of panelists believe that businesses think they have no options or plan to reduce consumption instead of increasing prices.

These are the key findings from this past week's Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine.

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