{"id":368556,"date":"2025-05-21T07:00:00","date_gmt":"2025-05-21T11:00:00","guid":{"rendered":"https:\/\/chiefexecutive.net\/?p=368556"},"modified":"2025-05-20T10:52:44","modified_gmt":"2025-05-20T14:52:44","slug":"canadian-ceos-outlook-shows-cautious-improvement-in-may-amid-skepticism-over-what-comes-next","status":"publish","type":"post","link":"https:\/\/chiefexecutive.net\/canadian-ceos-outlook-shows-cautious-improvement-in-may-amid-skepticism-over-what-comes-next\/","title":{"rendered":"Canadian CEOs\u2019 Outlook Shows Cautious Improvement In May, Amid Skepticism Over What Comes Next"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"368556\" class=\"elementor elementor-368556\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b5c76a7 e-flex e-con-boxed e-con e-parent\" data-id=\"b5c76a7\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1a34331 elementor-widget elementor-widget-text-editor\" data-id=\"1a34331\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">The Canadian business community is facing significant headwinds amid ongoing trade negotiations with the U.S. and a new cabinet taking office on Parliament Hill.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">According to our Canada CEO Confidence Index\u2014a quarterly poll of CEOs from around the country on their sentiment for business and what they forecast and plan for the year ahead\u2014business conditions have been trending down since we launched the Index in Q3 of 2024.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">In our latest survey, conducted in May in partnership with MacKay CEO Forums, CEOs ranked current business conditions at 4.6 out of 10, on a scale where 1 is Poor and 10 is Excellent. That is down 4 percent from their March rating (4.8 \/ 10) and 14 percent off where we started the year (5.4 \/ 10).<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">When asked to explain their rating, U.S.-driven factors were most commonly cited by the nearly 200 CEOs polled (44 percent), followed by general uncertainty (31 percent) and the overall state of the Canadian economy (30 percent).<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Perhaps a bit of good news in the data: CEOs forecast business conditions by this time next year will have improved, by 8 percent from what they are today, to 5.0 out of 10. That is 5 percent better than what they had forecasted in March (4.8), which indicates optimism is growing\u2014albeit cautiously. Their outlook still remains 16 percent off January forecasts (5.9 \/ 10).<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8431d85 e-flex e-con-boxed e-con e-parent\" data-id=\"8431d85\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0844bd2 elementor-widget elementor-widget-html\" data-id=\"0844bd2\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script id=\"infogram_0__\/4oeuldGlGCBzrHI7oQpL\" title=\"May 2025 Canada CEO CI\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?Hpw\" type=\"text\/javascript\"><\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4993ab8 e-flex e-con-boxed e-con e-parent\" data-id=\"4993ab8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c2c3050 elementor-widget elementor-widget-text-editor\" data-id=\"c2c3050\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">The reason for the uptick, polled CEOs say, is hope that a new trade deal with the U.S. will be made in the near future and that the newly elected government will rise to the challenge.\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cWe seem to be sitting in a time of limbo right now due to the current political environment. I believe that something will happen to make a shift within the next year, and it will help us to bring back levels that we have not experienced in a while,\u201d said one CEO participating in the poll.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cOptimistically, Trump&#8217;s tariff plans will self-destruct within six months,\u201d forecasted a CEO in Ontario, adding that the U.S., when faced with the economic effect of its trade war, will \u201ccome to the realization that they need their allies, and a spirit of free trade will hopefully prevail, getting rid of the unfair tariffs and returning world trade to a more normal\u2014or a new normal\u2014level.\u201d<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cDealing with the tariff disruption is a significant issue. Hopefully by next year, normalcy will return to the market,\u201d said another, echoing several of the CEOs polled.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Overall, 43 percent expect improvements in the business landscape in the coming months, vs. 36 percent who felt the same when polled in March. The proportion of those expecting deteriorating conditions also decreased, from 40 percent in March to 27 percent in our May polling\u2014back to December levels.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3dccb56 e-flex e-con-boxed e-con e-parent\" data-id=\"3dccb56\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b8de8c8 elementor-widget elementor-widget-html\" data-id=\"b8de8c8\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script id=\"infogram_0__\/uJofvJwFe6CXdbV4NNy7\" title=\"May 25 Canada CEO CI Split Forecast\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?F5X\" type=\"text\/javascript\"><\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dd2be4d e-flex e-con-boxed e-con e-parent\" data-id=\"dd2be4d\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8565c3e elementor-widget elementor-widget-text-editor\" data-id=\"8565c3e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>A CHANGING OF THE GUARDS?\u00a0<\/h4><p><span data-contrast=\"auto\">The uptick in optimism is also partly explained by the fact that 62 percent of CEOs believe the newly elected federal government will be able to advance policies that will support Canadian businesses&#8217; competitiveness nationally and on the world scene.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cThere is nothing like a good crisis to get governments moving in the right direction. The federal government will need to take a &#8216;national\u2019 approach, and this government is signaling that it will,\u201d said one of the CEOs, echoing sentiment among those hopeful for improvements.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-abf8a1e e-flex e-con-boxed e-con e-parent\" data-id=\"abf8a1e\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-324c623 elementor-widget elementor-widget-html\" data-id=\"324c623\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script id=\"infogram_0__\/aVIfFK2vZIJfmHzYuUku\" title=\"May 2025 Canada CI Government\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?l3t\" type=\"text\/javascript\"><\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2ae30c7 e-flex e-con-boxed e-con e-parent\" data-id=\"2ae30c7\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bc3f943 elementor-widget elementor-widget-text-editor\" data-id=\"bc3f943\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">\u201cMark Carney is a pretty smart guy whose business chops have sadly been missing in the PM role for the last while. Moving from social mindset to business mindset in government has me very optimistic,\u201d said Terry Gillis, CEO of talent management consultancy Ahria Consulting.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cI think we have a few tough years ahead as we reorient our economic partnership models away from the USA with a greater focus on internal trade and new markets beyond North America,\u201d added another CEO. \u201cI am extremely optimistic that the long-term impact for Canada will be very positive.\u201d<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Of course, many remain cautious in their expectations.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cGuarded would be a better description,\u201d said one CEO.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cCautiously optimistic,\u201d said another. \u201cCarney is the right guy with the right brain. Question is whether the Liberal party and minority government will let him work his magic that he is capable of.\u201d<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cI am hopeful a banker recognizes the stark reality the numbers are telling and puts results ahead of ideology for the first time in 10 years,\u201d said one CEO.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Meanwhile, some are carefully monitoring progress, skeptical change will come.\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cI hope I am wrong but so far, the Liberal policies are the Liberal policies that were led by Trudeau,\u201d said one CEO.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cThe same people have been unable to accomplish anything for 10 years. Why would that change?,\u201d commented a CEO.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cWe need to see defined direction and policies before we will know what\u2019s in store for the next 12 to 24 months,\u201d said another CEO.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cIf governments will work together there is a chance, however history tells me this won&#8217;t be the case,\u201d said one CEO.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Michael Polo, president of Hall Telecommunications Supply, says this doesn\u2019t all fall on Carney: \u201cWe have the right leader in place. His caucus will need to stand with him,\u201d he said.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Agreed another CEO: \u201cMy view is that both the Conservatives and the Liberals are capable and able to advance necessary policies to support Canadian competitiveness to a certain degree. However, special interest groups and personal agendas always seem to get in the way.\u201d<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><h4>BUY CANADIAN\u00a0<\/h4><p><span data-contrast=\"auto\">The Buy Canadian movement has gained momentum among Canadians in general, but for business leaders who are already dealing with the financial repercussions of the tariffs and rising prices, this is easier said than done.\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">When asked how their purchasing behaviour had changed in light of the U.S.\u2019s approach to trade with Canada, 40 percent of the CEOs polled said there had been no change in their respective companies\u2019 use of U.S. vendors if those vendors continue to have the most competitive products or services. Another 35 percent said they do favour Canadian businesses but up to a premium of 15 percent.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-75e759c e-flex e-con-boxed e-con e-parent\" data-id=\"75e759c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6d81058 elementor-widget elementor-widget-html\" data-id=\"6d81058\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script id=\"infogram_0__\/bL7tSkHTlr1yGpE6whAD\" title=\"May 2025 Canada CI Purchasing\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?XQZ\" type=\"text\/javascript\"><\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9d5e2f0 e-flex e-con-boxed e-con e-parent\" data-id=\"9d5e2f0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ddbd3a5 elementor-widget elementor-widget-text-editor\" data-id=\"ddbd3a5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW154492039 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW154492039 BCX0\">When it comes to their personal consumption, however, <\/span><span class=\"NormalTextRun SCXW154492039 BCX0\">a greater proportion of CEOs say they are, indeed, favouring Canadian vendors<\/span><span class=\"NormalTextRun SCXW154492039 BCX0\"> (77 percent)<\/span><span class=\"NormalTextRun SCXW154492039 BCX0\">.<\/span><\/span><span class=\"EOP SCXW154492039 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-661a664 e-flex e-con-boxed e-con e-parent\" data-id=\"661a664\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7014419 elementor-widget elementor-widget-html\" data-id=\"7014419\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script id=\"infogram_0__\/1NvakyWTKx4bqTdqHFI4\" title=\"May 2025 Canada CI Purchasing Personal\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?RWm\" type=\"text\/javascript\"><\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c17d603 e-flex e-con-boxed e-con e-parent\" data-id=\"c17d603\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b27c6cf elementor-widget elementor-widget-text-editor\" data-id=\"b27c6cf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW123689604 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW123689604 BCX0\">As f<\/span><span class=\"NormalTextRun SCXW123689604 BCX0\">o<\/span><span class=\"NormalTextRun SCXW123689604 BCX0\">r how long this situation would last,<\/span><span class=\"NormalTextRun SCXW123689604 BCX0\"> the majority of<\/span><span class=\"NormalTextRun SCXW123689604 BCX0\"> those who have changed their buying habits <\/span><span class=\"NormalTextRun SCXW123689604 BCX0\">in favour of the Buy Canadian<\/span> <span class=\"NormalTextRun SCXW123689604 BCX0\">movement <\/span><span class=\"NormalTextRun SCXW123689604 BCX0\">say <\/span><span class=\"NormalTextRun SCXW123689604 BCX0\">they will continue to <\/span><span class=\"NormalTextRun SCXW123689604 BCX0\">do so<\/span> <span class=\"NormalTextRun SCXW123689604 BCX0\">at least <\/span><span class=\"NormalTextRun SCXW123689604 BCX0\">\u201cu<\/span><span class=\"NormalTextRun SCXW123689604 BCX0\">ntil a trade deal is struck with the U.S.<\/span><span class=\"NormalTextRun SCXW123689604 BCX0\">\u201d<\/span><span class=\"NormalTextRun SCXW123689604 BCX0\"> Only 8 percent say there is no going back.<\/span><\/span><span class=\"EOP SCXW123689604 BCX0\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bcdfe6 elementor-widget elementor-widget-html\" data-id=\"6bcdfe6\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script id=\"infogram_0__\/Lac8X0QMEEv25hlES4g7\" title=\"May 2025 Canada CI Habits Duration\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?d5M\" type=\"text\/javascript\"><\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3664e16 elementor-widget elementor-widget-text-editor\" data-id=\"3664e16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4>THE IMPACT ON BUSINESS<span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;335559739&quot;:0}\">\u00a0<\/span><\/h4><p><span data-contrast=\"auto\">When asked how all of this will affect their respective companies:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">49 percent expect increasing revenue in 2025, compared to 2024 (up from 42 percent in March but down from 68 percent in January).<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">37 percent forecast increasing profitability (vs. 34 percent in March and 58 percent in January).<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">27 percent still plan to increase capital expenditures this year (vs. 23 percent in March and 51 percent in January).<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">35 percent plan to add to their workforce by year end (vs. 24 percent in March and 43 percent in January). Perhaps more alarming is that 30 percent plan to cut their workforce over the coming months\u2014up from 13 percent when we started the year.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6d91fcd e-flex e-con-boxed e-con e-parent\" data-id=\"6d91fcd\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a1baf1f elementor-widget elementor-widget-html\" data-id=\"a1baf1f\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script id=\"infogram_0__\/Smdd8oH5DKbtFfDoW22T\" title=\"Canada CEO CI Q2 25 The Year Ahead\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?aYu\" type=\"text\/javascript\"><\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-acec0cc e-flex e-con-boxed e-con e-parent\" data-id=\"acec0cc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-540ee8b elementor-widget elementor-widget-text-editor\" data-id=\"540ee8b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW86904853 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW86904853 BCX0\">Please note:<\/span><\/span><span class=\"TextRun SCXW86904853 BCX0\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"> <span class=\"NormalTextRun SCXW86904853 BCX0\">I<\/span><span class=\"NormalTextRun SCXW86904853 BCX0\">f you would like an in-depth look<\/span><span class=\"NormalTextRun SCXW86904853 BCX0\"> at those numbers by sector<\/span><span class=\"NormalTextRun SCXW86904853 BCX0\">, <\/span><span class=\"NormalTextRun SCXW86904853 BCX0\">province<\/span><span class=\"NormalTextRun SCXW86904853 BCX0\"> or relative exposure to the U.S.<\/span><span class=\"NormalTextRun SCXW86904853 BCX0\">, please request a report at <a href=\"mailto:research@chiefexecutivegroup.com\">research@chiefexecutivegroup.com<\/a>.<\/span><\/span><span class=\"EOP SCXW86904853 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Q2 polling finds Canada\u2019s CEOs concerned but hopeful over the prospects for business\u2014though several wild cards remain in the short term. <\/p>\n","protected":false},"author":3435,"featured_media":368557,"comment_status":"open","ping_status":"closed","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[57709],"tags":[42909],"class_list":["post-368556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada-ceo-confidence-index","tag-research"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - 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