{"id":371962,"date":"2025-07-30T08:00:00","date_gmt":"2025-07-30T12:00:00","guid":{"rendered":"https:\/\/chiefexecutive.net\/?p=371962"},"modified":"2025-07-25T12:05:05","modified_gmt":"2025-07-25T16:05:05","slug":"ceo-confidence-strengthens-despite-lingering-trade-uncertainties","status":"publish","type":"post","link":"https:\/\/chiefexecutive.net\/ceo-confidence-strengthens-despite-lingering-trade-uncertainties\/","title":{"rendered":"CEO Confidence Strengthens Despite Lingering Trade Uncertainties"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"371962\" class=\"elementor elementor-371962\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fcddb88 e-flex e-con-boxed e-con e-parent\" data-id=\"fcddb88\" 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-4ebcf16 elementor-widget elementor-widget-text-editor\" data-id=\"4ebcf16\" 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><i><span data-contrast=\"auto\">Chief Executive<\/span><\/i><span data-contrast=\"auto\">\u2019s July reading of CEO confidence, taken on July 15\u201316 among 152 CEOs and business leaders across the country, finds improving sentiment toward the business environment, rating current conditions 4.9 out of 10, on a scale where 1 is Poor and 10 is Excellent.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">That is far from a robust rating, and it remains well below where it started the year (at 5.4), but it nonetheless represents an improvement of 6 percent since our Q2 reading in May (4.6).<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">CEOs also forecast this improvement to continue over the coming months. Overall, 43 percent of those polled expect the business landscape to improve to a rating of 5.3 by this time next year\u2014an increase of 7 percent from what they rate conditions today and 8 percent better than what they had anticipated in May.\u00a0<\/span><span data-ccp-props=\"{}\">\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-123d7b4 e-flex e-con-boxed e-con e-parent\" data-id=\"123d7b4\" 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-de8e550 elementor-widget elementor-widget-html\" data-id=\"de8e550\" 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<div class=\"infogram-embed\" data-id=\"_\/yrNcQW0xnZWIhgxUWhCS\" data-type=\"interactive\" data-title=\"July 2025 Canada CEO CI\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/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-a8b152c e-flex e-con-boxed e-con e-parent\" data-id=\"a8b152c\" 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-d5ac834 elementor-widget elementor-widget-text-editor\" data-id=\"d5ac834\" 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\">Driving the improvement is the idea that there should soon be more clarity on the Canada-U.S. trade agreement, though many remain doubtful the outcome will be mutually beneficial. Only 11 percent of the CEOs polled say they anticipate a mutually beneficial deal with the U.S. will be reached before the end of the year. Instead, 54 percent expect a partial resolution that will be specific to the most critical or harshly impacted sectors in Canada.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cI believe the U.S. will hold us ransom to their needs and not our needs, and the current Canadian government will cave,\u201d said Rod Malloy, CEO of Canadian IPG Corporation in Ontario.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">He\u2019s not alone in expecting a less-than-optimal outcome for Canadian businesses. Many of those participating in the survey said they believe the deal\u2014if a deal is reached\u2014is likely to benefit certain sectors over others. Others hinted at the unpredictability of the current U.S. administration to explain why they believe that even if a deal is reached, it will be difficult for Canadian businesses to move forward with confidence.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cAn agreement will be struck, and then within a couple of months, the U.S. will decide to change things and reimpose different tariffs and find different excuses,\u201d said one CEO echoing others on the level of uncertainty they are facing.<\/span><span data-ccp-props=\"{}\">\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-eadb572 e-flex e-con-boxed e-con e-parent\" data-id=\"eadb572\" 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-54885cd elementor-widget elementor-widget-html\" data-id=\"54885cd\" 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<div class=\"infogram-embed\" data-id=\"_\/D9xjG55FaLevrzqd2MFn\" data-type=\"interactive\" data-title=\"July 2025 Canada Deal Outcome\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/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-1c8e814 e-flex e-con-boxed e-con e-parent\" data-id=\"1c8e814\" 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-0b8e8e8 elementor-widget elementor-widget-text-editor\" data-id=\"0b8e8e8\" 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\">CEOs also seem divided as to whether Canada\u2019s economic discussions with other nations will succeed in providing new markets to those impacted by the situation with the U.S.: 48 percent said strengthening partnerships with other allies will help, to various degrees, counter the impact of the U.S. tariffs, but 40 percent say it will make no difference for their company or sector.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cThe UK is not a country to substitute for the U.S.\u201d said one CEO. Added another: \u201cEU rules are far more onerous than any tariffs. So Canadian companies won&#8217;t succeed in large part. Pretending the EU can replace the U.S. is delusional.\u201d<\/span><span data-ccp-props=\"{}\">\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-13e9dba e-flex e-con-boxed e-con e-parent\" data-id=\"13e9dba\" 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-c1fdc00 elementor-widget elementor-widget-html\" data-id=\"c1fdc00\" 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<div class=\"infogram-embed\" data-id=\"_\/KBTxEOWksGQQCTqUQKH8\" data-type=\"interactive\" data-title=\"July 2025 Canadian Partnerships\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/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-9e29e71 e-flex e-con-boxed e-con e-parent\" data-id=\"9e29e71\" 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-5ebb539 elementor-widget elementor-widget-text-editor\" data-id=\"5ebb539\" 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\">All of this uncertainty has CEOs doubling down on the importance for Canada to remove internal barriers to commerce. A full third of the CEOs polled say doing so is, in fact, more important than achieving any outside agreement, even with the U.S., with nearly half (47 percent) pointing to the overall cost of doing business in Canada as their biggest challenge today. \u201cWe need Government to get out of our way,\u201d said one CEO.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cThere is far too much bureaucracy and red tape that holds business back, and taxes are punitive,\u201d added Mike Chisholm, CEO of Chisholm Consulting Group, a Vancouver-based consultancy that helps leadership teams with their growth strategies. \u201cSmall business struggles to break even in most cases, and the government seems to think the best way to raise revenue is to tax business more.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Peter Baran, founder of Blueneck Consulting, says the government is simply not focusing on the things that can truly make an impact for businesses: \u201cRather than the government strengthening the social safety net for unemployment and continuing the difficulty and slowness of the regulatory process, they should create strong incentives for skills acquisition, mobility, job retention and regulatory efficiency (speed and ease of approvals rather regulatory removal that could reduce safety and environment concerns).\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Toronto-based Awerix CPA\u2019s Sangeeta Kashyap says if Canada wants to reduce its reliance on U.S. goods, it needs to get serious about removing interprovincial trade barriers. \u201cWe also need to start giving grants incentives to exporters and innovators, so we have more tech companies in Canada. We need to bring in skilled tech force, which is crucial for IT companies to set up their offices here,\u201d she added.<\/span><span data-ccp-props=\"{}\">\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-1403580 e-flex e-con-boxed e-con e-parent\" data-id=\"1403580\" 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-cbd68e3 elementor-widget elementor-widget-html\" data-id=\"cbd68e3\" 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<div class=\"infogram-embed\" data-id=\"_\/T56GIIFkebHerDzAi8sU\" data-type=\"interactive\" data-title=\"July 2025 Canada Economic Priorities\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/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-f7484ec e-flex e-con-boxed e-con e-parent\" data-id=\"f7484ec\" 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-916d136 elementor-widget elementor-widget-html\" data-id=\"916d136\" 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<div class=\"infogram-embed\" data-id=\"_\/c72OJtnzQCkGmMb0ecMB\" data-type=\"interactive\" data-title=\"July 2025 Canada Challenges\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/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-bd6375b e-flex e-con-boxed e-con e-parent\" data-id=\"bd6375b\" 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-e5d03b9 elementor-widget elementor-widget-text-editor\" data-id=\"e5d03b9\" 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 YEAR AHEAD\u00a0<\/h4><p><span data-contrast=\"auto\">When asked to forecast how all of this is impacting their respective companies, our data finds an increase in optimism compared to earlier in the year, when the U.S. announced its tariffs demand.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cCanadians have a way of adapting to everything, whether it is natural disasters, change in government, tariffs, higher prices, we always just plod along. We are the fulfilment of persistence is 90 percent of success,\u201d said one CEO.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Overall:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" 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;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">60 percent of CEOs expect <\/span><b><span data-contrast=\"auto\">revenue to increase<\/span><\/b><span data-contrast=\"auto\"> in 2025, compared to 2024. That proportion is up significantly since May (49 percent) and nearing January levels (67 percent).\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<br \/><br \/><\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" 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;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Perhaps a better barometer is the fact that 30 percent forecast <\/span><b><span data-contrast=\"auto\">declining revenues<\/span><\/b><span data-contrast=\"auto\"> this year, relative to 2024\u2014down from 42 percent when polled in March.<\/span><span data-ccp-props=\"{}\">\u00a0<br \/><br \/><\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" 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;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Similarly, 49 percent forecast <\/span><b><span data-contrast=\"auto\">increasing profitability<\/span><\/b><span data-contrast=\"auto\"> this year, vs. 37 percent in May and 58 percent in January.<\/span><span data-ccp-props=\"{}\">\u00a0<br \/><br \/><\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" 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;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">36 percent forecast <\/span><b><span data-contrast=\"auto\">declining profits<\/span><\/b><span data-contrast=\"auto\"> in 2025, compared to 46 percent who had expected profits to fall y\/y back in March.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><p><span data-contrast=\"auto\"><br \/>Despite their improving forecasts for 2025, CEOs remain cautious with their investments:\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" 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;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">33 percent plan to <\/span><b><span data-contrast=\"auto\">increase capital expenditures<\/span><\/b><span data-contrast=\"auto\"> this year\u2014slightly up from May (27 percent) but still far from the 51 percent who intended to raise capex back in January. At this time, 26 percent said they are instead <\/span><b><span data-contrast=\"auto\">pulling back<\/span><\/b><span data-contrast=\"auto\"> on capex.<\/span><p>\u00a0<\/p><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" 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;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Hiring plans point to a similar trend: 39 percent plan to <\/span><b><span data-contrast=\"auto\">increase their workforce<\/span><\/b><span data-contrast=\"auto\"> by year end, vs. 35 percent in May and 43 percent in January. Fewer than a quarter (22 percent) plan to <\/span><b><span data-contrast=\"auto\">cut jobs<\/span><\/b><span data-contrast=\"auto\"> before the year ends, up from 13 percent who had planned to do so back in January.<\/span><span data-ccp-props=\"{}\">\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-5c32640 e-flex e-con-boxed e-con e-parent\" data-id=\"5c32640\" 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-4763ddf elementor-widget elementor-widget-html\" data-id=\"4763ddf\" 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<div class=\"infogram-embed\" data-id=\"_\/566nq7FPmx7kj3xQ6gr8\" data-type=\"interactive\" data-title=\"Canada CEO CI Q3 25 The Year Ahead\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/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-24cfc47 e-flex e-con-boxed e-con e-parent\" data-id=\"24cfc47\" 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-f004292 elementor-widget elementor-widget-html\" data-id=\"f004292\" 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<div style=\"position: relative; width: 100%; height: 0px; padding: 127.88% 0px 0px; overflow: hidden; will-change: transform;\"><iframe loading=\"lazy\" src=\"https:\/\/e.infogram.com\/_\/rFKt0tOa2Ojn1ajY8rCm?src=embed&amp;embed_type=responsive_iframe\" title=\"July 2025 Canada The Year Ahead\" allowfullscreen=\"\" allow=\"fullscreen\" style=\"position: absolute; width: 100%; height: 100%; top: 0px; left: 0px; border: none; padding: 0px; margin: 0px;\"><\/iframe><\/div>\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-178f434 e-flex e-con-boxed e-con e-parent\" data-id=\"178f434\" 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-779db6f elementor-widget elementor-widget-text-editor\" data-id=\"779db6f\" 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 SCXW29430897 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW29430897 BCX0\">Interestingly, we do not find much variance in forecasts between businesses with no exposure outside of Canada and those who also <\/span><span class=\"NormalTextRun SCXW29430897 BCX0\">operate<\/span><span class=\"NormalTextRun SCXW29430897 BCX0\"> in the U.S<\/span><span class=\"NormalTextRun SCXW29430897 BCX0\">. In fact, Canada-only businesses appear less optimistic in their ability to grow this year, compared to their peers who also have exposure to the U.S.<\/span><span class=\"NormalTextRun SCXW29430897 BCX0\"> This <\/span><span class=\"NormalTextRun SCXW29430897 BCX0\">perhaps has<\/span><span class=\"NormalTextRun SCXW29430897 BCX0\"> to do with the size of the company or the sector in which they <\/span><span class=\"NormalTextRun SCXW29430897 BCX0\">operate<\/span><span class=\"NormalTextRun SCXW29430897 BCX0\">.<\/span><\/span><span class=\"EOP SCXW29430897 BCX0\" data-ccp-props=\"{}\">\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-2a592e9 e-flex e-con-boxed e-con e-parent\" data-id=\"2a592e9\" 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-89ede7a elementor-widget elementor-widget-html\" data-id=\"89ede7a\" 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<div class=\"infogram-embed\" data-id=\"_\/1KP9AE1ofeTzsZr3fRlz\" data-type=\"interactive\" data-title=\"July 2025 Forecasts U.S. vs Canada\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/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-2ff6af1 e-flex e-con-boxed e-con e-parent\" data-id=\"2ff6af1\" 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-241a450 elementor-widget elementor-widget-text-editor\" data-id=\"241a450\" 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<h5>About Chief Executive Group\u2019s Canada CEO Confidence Index\u00a0<\/h5><p><span data-contrast=\"auto\">Chief Executive Group polls hundreds of C-Suite and board members throughout the year to build our CxO Confidence Index series. The Index provides insightful data into business trends and what will likely shape strategies for the year ahead. In August 2024, we expanded the series to Canada. Our July (Q3) 2025 edition of the Canada CEO survey received 152 responses.<\/span><span data-ccp-props=\"{}\">\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>July reading of CEO confidence finds Canada\u2019s CEOs growing more confident in the business environment, despite consensus that a trade deal with the U.S. isn\u2019t likely to be reached in 2025. <\/p>\n","protected":false},"author":32235,"featured_media":371963,"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-371962","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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