SlideShare a Scribd company logo
1 of 34
The 48th Quarterly C-Suite Survey
October 6, 2017
Sponsored by:
Published and
broadcast by:
2222
Introduction
 Methodology: telephone interviews with 153 C-level executives from
ROB1000-listed companies between Sept. 11 & Oct. 5, 2017.
 This quarter’s survey asked the C-Suite about:
 Interest rate setting by the Bank of Canada
 Increases to the minimum wage in Ontario & Alberta
 Advanced manufacturing & technologies & their potential to offset labour
costs & spur growth
 Trade Policy, NAFTA
 The Trump Administration
 The state of the economy & how the C-Suite is feeling about business
3333
Executive Summary
The Bank of Canada & Interest Rates
 Most in the C--Suite would oppose another rate increase by the Bank of Canada.
 Opposition is significantly higher among Western Canadian businesses and those in the
resources sector who were also more likely to say recent increases have negatively
impacted them.
 Only about 1 in 3 thinks it’s likely the Bank will raise rates in October. This may be
because almost all in the C-Suite share the view that the economy is unlikely to post
strong growth over the next 12 months, in spite of strong data over the last 3 months.
Increases to the minimum wage in Ontario/Alberta
 Most oppose a minimum wage increase to $15/hr. by 2019, as proposed in Ontario.
 Opposition to a $15 min. wage is somewhat lower in Ontario than in Alberta.
 Most would support an increase to $15 over 4-years.
 Most said the proposed min. wage increases in Ontario & Alberta will have a somewhat
negative impact on those economies.
 But a clear majority in the C-suite don’t expect their businesses will be impacted.
4444
Executive Summary (Cont’d)
Automation & Advanced Manufacturing
 Concern about the impact of min. wage increases on manufacturing is modest.
 In fact most think advanced technology will allow for growth in manufacturing in North
America.
 Advanced technologies and automation also offset concern about higher wages, as a
substantial number of businesses expect increased automation at their workplace.
NAFTA
 There is remarkable uncertainty around what the US will do in respect of NAFTA.
 Many are uncertain whether the Trump Administration will seek only minor changes to
NAFTA, or major changes or repeal it and start from scratch.
 The Canadian government has outlined its priorities for the renegotiation of NAFTA and
the C-Suite sees some of these as very important priorities. Most in the C-Suite believe it
should be a very high priority for Canada to seek:
 Freer movement of workers & expanding the list of professions eligible for visas.
 Access for Cdn. companies to bid on local, state & federal government procurement
and prevent “Buy America” protectionist policies.
 Additionally, one of the highest priorities of those tested is for Canada to preserve the
chapter 19 dispute resolution process embedded in .
5555
Interest Rates
 Many will take comfort from recent remarks delivered by the Governor of the Bank of
Canada, where he appeared to downplay the likelihood of another rate increase.
 Only 34% expect another rate hike in October.
 However, 39% believe the rate increases already announced will have or are having a at
least a somewhat negative impact on their companies.
 A larger proportion (50%) said an additional rate increase after the Bank’s next meeting
would have a somewhat or very negative impact on their companies.
 Most (64%) would oppose another rate hike after the October meeting.
 This is perhaps explained by the fact that recent economic data and jobs numbers have not impacted
the outlook for Canada’s economy over the next 12 mos. The C-Suite’s forecast is only slightly
improved since the start of 2017 with most expecting modest growth and only 1 in 10 expecting the
economy to grow strongly.
6666
Impact of Recent Interest Rate
Increases on Your Business
3%
5%
7%
10%
7%
16%
4%
21%
5%
46%
44%
50%
51%
38%
50%
32%
38%
25%
37%
29%
25%
7%
10%
2%
8%
2%
15%
2%
5%
Total
West
ON+Atl
Res.
Serv.
Manuf.
Very positive Somewhat positive Neutral
Somewhat negative Very negative Don't Know/NR
This summer, the Bank of Canada raised its key lending rate by a quarter percentage point and then raised it another quarter
percentage point on September 6th. Would you say the net impact on YOUR COMPANY as a result of these rate increases will
be …? (Read the options below - accept don’t know)
Total Q3 2017 n=153
 Few said recent rate increases had had a positive impact – they tended to be in the services sector.
 Western and resources-based companies were more likely to say rate hikes were going to have a
negative impact
7777
Likelihood of A Rate Increase
In October
34%
64%
2%
Likely
Unlikely
Don't Know
“Do you think it is likely or unlikely that the Bank will raise its benchmark lending rate again in late October after its next
scheduled meeting?”
Total Q3 2017 n=153
 Most think another rate increase is unlikely.
8888
Impact of Another Rate Increase
5%
10%
7%
16%
36%
32%
43%
42%
49%
32%
8%
12%
2%
Total
West
ON+Atl
Very positive Somewhat positive Neutral Somewhat negative Very negative Don't Know
Net impact on YOUR COMPANY
if there was another quarter
percent increase
“What would be the net impact on YOUR COMPANY if there was another quarter percent increase in the Bank of Canada's key
lending rate in October? Would it be...?”
Total Q3 2017 n=153
 Half of businesses said another rate hike would have a negative impact on
them, with most in the West saying this.
9999
Impact of Another Rate Increase
On The Economy
9%
7%
13%
24%
22%
27%
62%
67%
55%
3%
2%
5%
Total
West
ON+Atl
Very positive Somewhat positive Neutral Somewhat negative Very negative Don't Know
Impact of raising interest rates by
another quarter percent on
Canadian economy
“If the Bank raises interest rates by another quarter percentage point after its October meeting, what do you think the net
impact on THE CANADIAN ECONOMY would be?”
Total Q3 2017 n=153
 Significantly more believe another rate increase would have a somewhat
negative impact on the economy, but almost none said the impact would be
very negative.
10101010
Mostly Opposition to
Another Rate Increase
5%
5%
7%
4%
7%
5%
27%
13%
46%
20%
32%
35%
32%
40%
21%
41%
27%
15%
32%
39%
21%
31%
32%
40%
4%
3%
5%
4%
2%
5%
Total
West
ON+Atl
Res.
Serv.
Manuf.
Strongly support Somewhat support Somewhat oppose Strongly oppose Don't Know
“Would you support or oppose the Bank of Canada raising rates again by another quarter percentage point at its next meeting
in October? Would that be strongly or somewhat support/oppose?”
Total Q3 2017 n=153
 Most oppose would oppose another rate increase.
 Opposition would be fierce in the West, while many in Ontario are open to it.
 The primary opposition to a rate increase stems from concern about debt and
financing, although many are concerned about currency and business costs.
11111111
Impacts Of Rate Increase –
Open Ended Mentions
42%
21%
16%
16%
16%
Increased return on
investments
Strengthening Can.
dollar, bringing it
closer to parity with
the US will bring
benefits
Makes insurance
products more
competitive
Promotes growth,
increased
competitiveness
Increased revenue
Positive Impacts Negative Impacts
46%
20%
12%
12%
11%
11%
8%
5%
5%
4%
3%
Increased cost of
borrowing/debt maintenance
Increased
operating/production costs
Increased exchange rate has
negative affect
Increased value of Can. dollar
hurts exporters
Raises the value of the Can.
dollar
Reduces profit
margins/earnings
Decreased consumer spending
Reduced growth (including
staffing)
Decreases commodity prices
Makes Can. businesses less
competitive
Decline in return on
investments & equity pricing
“And why do you say (a rate increase) would have a (positive/ negative/ neutral) impact?” “What would be the net impact on
YOUR COMPANY if there was another quarter percent increase in the Bank of Canada's key lending rate in October? Would it
be...?”
Total Q3 2017 n=153 | Positive n=19 ; Negative n= 76
12%
36%
50%
2%
Very/somewhat
positive
Neutral
Very/somewhat
negative
Don't Know
12121212
Canadian Economic Outlook
8%
3%
3%
84%
83%
85%
7%
12%
8%
Q3 2017
Q2 2017
Q1 2017
Strong growth Moderate growth Moderate decline Strong decline DK/NR
“What are your expectations for the U.S. economy over the next 12 months?”
Total Q3 2017 n=153
• The outlook for Canada’s economy is only slightly improved since last quarter
with 1 in 10 expecting the economy to grow strongly over the next 12 months.
13131313
US Economic Outlook
16%
18%
40%
24%
9%
69%
74%
58%
70%
77%
13%
6%
2%
6%
13%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Strong growth Moderate growth Moderate decline Strong decline DK/NR
“What are your expectations for the U.S. economy over the next 12 months?”
Total Q3 2017 n=153
• As with last quarter, most expect moderate growth for the US economy and less than 1
in 5 expect strong growth. This is down from the beginning of the year, when most
expected growth but 4 in 10 expected the US to grow strongly.
14141414
Expectations For Business
34%
34%
34%
32%
28%
27%
19%
21%
56%
55%
58%
57%
61%
58%
58%
58%
8%
9%
4%
9%
10%
13%
20%
19%
1%
1%
1%
1%
1%
2%
2%
3%
2%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Strong growth Moderate growth Moderate decline Strong decline DK/NR
“What are your expectations for your company over the next 12 months?
Total Q3 2017 n=153
• Expectations for businesses are mostly unchanged over the past three
quarters.
15151515
Minimum Wage
 The C-Suite was asked about plans in Alberta & Ontario to raise the min. wage to
$15/hour in 2018 & 2019.
 Most said the proposed increases would not impact their companies.
 One in five said the impact would be slight – less than 1 in 10 said it would be
significant.
 68% of those in Ontario said there would be no impact, 6% said it would be significant.
 Most said the increases would have at least a somewhat negative impact on those
provinces’ economies.
 Half said they would have a somewhat negative impact on the Canadian economy
 While most oppose the increases announced in ON and AB, there isn’t a consensus.
 55% said they would oppose increasing the minimum wage to $15 by 2019 in their
province – 3 in 10 would support this.
 Most would support a raise to $15/hr if it was phased in over four years and not two.
 51% said 2021 is about the right timeline for this kind of increase to the min. wage.
 24% said it should be implemented sooner than 2021.
16161616
Minimum Wage
27%
15%
27%
9%
32%
21%
32%
37%
48%
48%
25%
30%
32%
31%
20%
30%
34%
30%
8%
13%
5%
9%
9%
13%
1%
0%
4%
0%
Total:
A $15 minimum wage in both Ontario and Alberta by 2019 will make
the cost of doing business in those provinces significantly less
competitive
A $15 minimum wage by 2019 will further the decline of
manufacturing in Canada
Alberta:
A $15 minimum wage in both Ontario and Alberta by 2019 will make
the cost of doing business in those provinces significantly less
competitive
A $15 minimum wage by 2019 will further the decline of
manufacturing in Canada
Ontario:
A $15 minimum wage in both Ontario and Alberta by 2019 will make
the cost of doing business in those provinces significantly less
competitive
A $15 minimum wage by 2019 will further the decline of
manufacturing in Canada
Strongly agree Somewhat agree Somewhat disagree Strongly disagree Don't Know/NR
“Now please tell me if you strongly agree, somewhat agree, somewhat disagree or strongly disagree with the following
statements:”
Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53
17171717
Impact of Min. Wage Increase on
Economies of AB & ON
1%
2%
11%
7%
9%
28%
20%
26%
46%
52%
49%
14%
20%
13%
Total
AB
ON
Very positive Somewhat positive Neutral
Somewhat negative Very negative Don't Know/Unsure
“A different topic now. As you may know Alberta and Ontario have announced their intention to raise the minimum wage to $15
an hour in the near future. In Alberta this will occur in October 2018 and in Ontario the wage will increase to $14 in 2018 and
$15 in 2019. If these changes in these two provinces were fully implemented, what would the impact be on the economies of
these two provinces?”
Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53
 Few see a positive economic impact for ON & AB from min. wage increases.
 Most said the impact will be at least somewhat negative.
 Forecasts were somewhat more negative in Alberta (where the timeline for introduction
is next year).
18181818
Impact of Minimum Wage Increase
On Canada’s Economy
12%
7%
11%
35%
32%
32%
48%
57%
45%
5%
2%
9%
Total
AB
ON
Very positive Somewhat positive Neutral Somewhat negative Very negative Don't Know
“If these minimum wage changes were fully implemented by 2019 in just Ontario and Alberta, what would the impact be on
Canada's economy?”
Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53
 Almost as many believe that there could be a somewhat negative impact for
Canada’s economy as a whole.
 53% saying very/somewhat negative compared to 60% saying the impact on ON & AB will be
negative.
19191919
5%
6%
5%
15%
5%
14%
23%
27%
26%
16%
25%
45%
12%
35%
34%
72%
73%
68%
84%
68%
40%
88%
60%
49%
1%
2%
3%
Total
AB
ON
Res.
Serv.
Manuf.
Company size: <200
201-1000
1000+
Significantly Slightly None Unsure
“Will the announced changes to the minimum wage in Ontario and Alberta significantly or slightly impact your company or will
they have no impact?”
Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53
Impact of Minimum Wage Increase
On Your Company
 A clear majority of executives surveyed don’t see an impact for their company
from the proposed wage increases in ON & AB, including in those provinces.
20202020
Opposition to $15/hr.
Minimum Wage
12%
2%
19%
18%
16%
17%
14%
9%
17%
31%
41%
28%
24%
32%
19%
Total
AB
ON
Strongly support Somewhat support Neutral
Somewhat oppose Strongly oppose Don't Know
“Would you strongly support, somewhat support, somewhat oppose or strongly oppose having the minimum wage in your
province raised to $15 by 2019?”
Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53
 Most in the C-Suite would oppose a $15 min. wage by 2019 in their province.
 Opposition is considerably lower in Ontario than in Alberta.
 In Ontario, 36% somewhat or strongly support the higher wage, while 47% support it.
21212121
What is the Impact of
Min. Wage Increase?
45%
28%
21%
17%
15%
11%
6%
4%
4%
2%
Living wage/wage to cover the
costs of living, important for…
Contribute to the wellbeing of low
income Canadians, increase…
Increased consumer spending &
purchase power
Increased economic
activity/growth
Provides more incentive to work
Various concerns about
implementation
Strengthens/stabilizes the middle
class
Increased opportunity for young
workers/students
May help reduce dependence on
social welfare programs or…
Nothing positive
Positive Impacts Negative Impacts
44%
21%
20%
14%
13%
11%
11%
7%
7%
6%
5%
5%
4%
1%
Will create unemployment
Increased inflation, costs of business will
be transferred to consumers
Will hurt small businesses
Higher costs of labour & business
operation
Will be fewer jobs for young
people/students
Companies will turn to automation &
other alternatives
Will reduce/eliminate lower paying jobs
Will slow the economy/hurt economic
growth
Negative impact on the services industry
specifically
Various concerns about implementation
Will reduce companies competitiveness
in the global market
Increase in part time work, reduced
hours per week
Negative for productivity & qualified staff
Reduced consumer spending
“And why do you say (a rate increase) would have a (positive/ negative/ neutral) impact?”
Total Q3 2017 n=153 | Positive n=47 ; Negative n=84
 The top of mind negative impacts are job losses, just ahead of cost to business.
 The C-Suite in Alberta is somewhat more concerned about small business per se as well as job losses.
22222222
What is the Impact of
Min. Wage Increase?
45%
28%
21%
17%
15%
11%
6%
4%
4%
Living wage/wage to cover the
costs of living, important for
fairness
Contribute to the wellbeing of low
income Canadians, increase their
opportunities/quality of life
Increased consumer spending &
purchase power
Increased economic
activity/growth
Provides more incentive to work
Various concerns about
implementation
Strengthens/stabilizes the middle
class
Increased opportunity for young
workers/students
May help reduce dependence on
social welfare programs or under
the table employment
Positive Impacts Negative Impacts
44%
21%
20%
14%
13%
11%
11%
7%
7%
6%
5%
5%
4%
1%
Will create unemployment
Increased inflation, costs of business will
be transferred to consumers
Will hurt small businesses
Higher costs of labour & business
operation
Will be fewer jobs for young
people/students
Companies will turn to automation &
other alternatives
Will reduce/eliminate lower paying jobs
Will slow the economy/hurt economic
growth
Negative impact on the services industry
specifically
Various concerns about implementation
Will reduce companies competitiveness
in the global market
Increase in part time work, reduced
hours per week
Negative for productivity & qualified staff
Reduced consumer spending
“And why do you say (a rate increase) would have a (positive/ negative/ neutral) impact?”
Total Q3 2017 n=153 | Positive n=47 ; Negative n=84
 The top of mind negative impacts are job losses, just ahead of cost to business.
23232323
About the right
timeline?
51%Too late and it
should be raised
to $15 before
then
24%
Too soon to
implement a
minimum wage
of $15,
19%
DK
6%
“British Columbia's government had proposed raising the minimum wage to $15 an hour by the year 2021. A BC commission is
studying proposals to determine if this is the right approach. Would you say that 2021 is:”
Total Q3 2017 n=153
$15 Minimum Wage by 2021
 When asked about the proposed 2021 timeline for a $15 wage in BC, most do
not believe that is too soon to implement such an increase.
 Half think it’s the right timeline – 1 in 4 think it’s actually too late.
24242424
Advanced Mfg.
 Potentially offsetting concern about labour costs is interest in advanced
manufacturing & technologies.
 Just over half (52%) agreed a $15 minimum wage would hasten the decline of
manufacturing in Canada – roughly 4 in 10 in Ontario disagreed.
 A clear majority however (86%) agreed new technologies in advanced manufacturing
offer the potential for Canada’s manufacturing base to grow significantly.
 A clear majority of the C-suite (71%) agreed these technologies will make rising
labour costs much less of a global competitiveness concern than they are now.
 Three in four companies (73%) say they will be relying significantly more on
advanced technology in the next five years to conduct tasks that can otherwise
be completed by employees.
25252525
Minimum Wage & Manufacturing
15%
21%
30%
37%
30%
20%
31%
30%
40%
13%
13%
10%
5%Total
Ontario
Manufacturing
Strongly agree Somewhat agree Somewhat disagree Strongly disagree Don't Know/NR
A $15 minimum wage by 2019 will
further the decline of manufacturing
in Canada
“Now please tell me if you strongly agree, somewhat agree, somewhat disagree or strongly disagree with the following
statements:”
Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53
 Just over half believe a $15 min. wage will further weaken manufacturing in
Canada, while approximately four in ten disagree with this.
26262626
Advanced Manufacturing
35%
29%
24%
38%
57%
47%
12%
11%
24%
13%
3%
4%
3%
0%
Our company will be relying significantly more
on advanced technology in the next five years to
conduct tasks that can otherwise be completed
by employees
The use of new technology in advanced
manufacturing offers the potential for Canada
to see its manufacturing base rebound and
grow significantly
Advanced manufacturing and other
technological advances will make rising North
American labour costs much less of a global
competitiveness concern than they are now
Strongly agree Somewhat agree Somewhat disagree Strongly disagree Don't Know/NR
“Now please tell me if you strongly agree, somewhat agree, somewhat disagree or strongly disagree with the following
statements:”
Total Q3 2017 n=153
 Most companies expect to automate more of their business in the next 5 years.
 35% are significantly more invested in this.
 A clear majority expect to manufacturing can rebound with technology.
27272727
President Trump & NAFTA
 Opinion about President Trump is unchanged this quarter but is significantly down from
6 mos. ago.
 A clear majority agrees that it is mostly appropriate for CEO’s to speak out publicly on
issues that are not related to their businesses.
 Executives were asked this with reference to the CEOs who resigned from President Trump's
advisory councils and issued public statements critical of the President. Only one in five said it is
mostly inappropriate for CEO’s to speak out public on issues not related to their business, either
through statements or social media.
 There is remarkable uncertainty about where the world’s largest economy will go in
respect of its largest trade agreement.
 Many are uncertain whether it will seek only minor changes to NAFTA, or major changes
or repeal it and start from scratch.
28282828
Assessing Trump’s Performance
9%
5%
3%
50%
30%
31%
39%
63%
65%
3%
1%
1%
Mar. 2017
May & Jun. 2017
Sept. 2017
Good (7-9) Moderate (4-6) Poor (1-3) DK- N/A
“And overall, on a scale of one to nine where one is very poor and nine is excellent, how would you rate the performance of
President Trump since the start of 2017?”
Total Q3 2017 n=153
• Consistent with last quarter, nearly 2-in-3 give poor ratings to the President.
Six months ago, only 39% gave the President poor ratings.
29292929
Assessing Trudeau’s Performance
20%
18%
62%
58%
18%
23%
1%
1%
Mar. 2017
Sep. 2017
Good (7-9) Moderate (4-6) Poor (1-3) DK- N/A
“And overall, on a scale of one to nine where one is very poor and nine is excellent, how would you rate the performance of
Prime Minister Trudeau since the start of 2017? ”
Total Q3 2017 n=153
• For a comparison, opinions of Prime Minister Trudeau are mostly unchanged
in the last six months – in fact relatively few have strong opinions of him
either way, although one in four are now strongly unfavourable up slightly
from one in five.
30303030
CEO’s Speaking Out
On Issues Not Tied To Their Business
75%
20%
5%
Mostly
appropriate
Mostly
inappropriate
It depends
No Response
“Do you believe that it is mostly appropriate or mostly inappropriate for CEO's to speak out publicly, such as through
statements or the media, on issues that are not related to their businesses?”
Total Q3 2017 n=153
QUESTION:
“As you may know, several prominent CEOs resigned in protest from President Trump's advisory council on manufacturing
after controversy raised by the President's remarks following events and protests in Charlottesville Virginia. Some of those
CEOs issued public statements at the time condemning the events in Virginia and were critical of the President. Do you
believe that it is mostly appropriate or mostly inappropriate for CEO's to speak out publicly, such as through statements or
the media, on issues that are not related to their businesses?”
• A clear majority agrees that it is mostly appropriate for CEO’s to speak out
publicly on issues that are not related to their businesses, the way several high
profile leaders did in respect of President Trump recently.
31313131
Changes To NAFTA Likely
8%
20%
29%
37%
25%
30%
29%
33%
35%
42%
47%
42%
44%
31%
37%
31%
17%
12%
27%
21%
28%
21%
14%
10%
4%
5%
3%
12%
2%
Sept. 2017
Sept. 2017
May. 2017
Mar. 2017
Sept. 2017
May. 2017
Mar. 2017
Very likely Somewhat likely Not very likely Not at all likely DK - N/A
Make only tweaks to
NAFTA as it impacts
Make major changes to NAFTA
as it relates to both Canada and
Seek major changes to NAFTA
Seek to terminate the North American
Free Trade agreement and then
negotiate new trading agreements
“Would you say it's very likely, somewhat likely, not very likely or not at all likely that President Trump's administration will…”
Total Q3 2017 n=153
• In March, almost all surveyed believed it was very or likely the case that the Administration would seek
only minor tweaks to NAFTA. Now, only 55% believe this is at least somewhat likely.
• 67% believe it’s very or somewhat likely the Admin. will seek major changes as it impacts Canada.
• While few think it’s very likely the Admin. would terminate NAFTA & negotiate new agreements, 41%
think this is at least somewhat likely.
32323232
NAFTA
 The Canadian government has outlined its priorities for the renegotiation of NAFTA and the C-Suite sees some of these
as very important priorities.
 Most in the C-Suite believe it should be a very high priority for Canada to seek:
• Freer movement of workers & expanding the list of professions that readily obtain visas.
• Access for Cdn. companies to bid on local, state & federal government procurement and prevent “Buy
America” protectionist policies.
 One in three believe it should be a very high priority to obtain:
• A commitment from all three countries to support efforts to combat climate change
• Tougher environmental protection provisions to ensure no country can weaken environmental protection to
attract investment
 Only 1 in 10 believe it should be a very high priority to:
• Demand similar labour standards in all three countries “such as…adherence to higher minimum wages”.
• Preserve Canada's supply-management system for dairy and poultry
• Protect cultural industries e.g. broadcasting and publishing and foreign ownership rules.
 The highest priority of those tested is for Canada to preserve the chapter 19 dispute resolution panels.
 Survey respondents were given a description of the panels used to appeal duties softwood lumber, and that while
Canada could appeal to the WTO, NAFTA arbitration can ensure duties are returned.
 98% agreed Canada should insist on preserving the chapter 19 dispute resolution process – 75% strongly agreed.
 Half agreed Canada should compromise and accept the end of the NAFTA dispute resolution panels IF it meant the
US agreed to the key demands of opening its labour and public-sector procurement markets. Four in ten that Canada
should not yield to this demand even if it meant greater access to those markets for contractors and professionals.
33333333
What Should Be Canada’s
NAFTA Priorities?
57%
52%
34%
31%
11%
10%
7%
33%
39%
46%
33%
37%
41%
37%
9%
6%
16%
25%
37%
39%
39%
2%
3%
10%
15%
10%
Opening up access to Canadian companies to bid on
local, state and federal government procurement and
prevent Buy America protectionist policies
Freer movement of workers including expanding the list
of types of professions that can more readily obtain
work visas.
Tougher environmental protection provisions to ensure
no country can weaken environmental protection to
attract investment
Obtaining a commitment from all three countries to
support efforts to combat climate change
Demanding similar labour standards in all three
countries such as ensuring adherence to higher
minimum wages
Protecting cultural exemptions including industries like
Canadian publishing and Canadian broadcasting from
free trade provisions.
Protecting Canada's supply-management system for
dairy and poultry which would ensure there is not free
trade in these areas
High priority Moderate priority Low priority Not at all a priority Don't Know
“I’m going to read some of what the Canadian government is seeking in its negotiations with the US and Mexico in the
renegotiation of NAFTA. I’d like you to tell me if you believe each objective should be a high priority, a moderate priority, a low
priority or not at all a priority when it comes to what Canada should be seeking and negotiating.”
Total Q3 2017 n=153
34343434
NAFTA Dispute Panels
75%
10%
23%
41%
2%
23% 24%
Canada should insist on preserving the
chapter 19 dispute resolution process?
Canada should accept an end to the chapter 19
dispute resolution process if it would mean
that in return the US agrees to open up the US
labour market and its public-sector
procurement market to greater access by
Canadian professionals and contractors?
Strongly agree Somewhat agree Somewhat disagree Strongly disagree Don't Know
“The US administration is seeking to eliminate NAFTA's Chapter 19 dispute resolution panels. Canada’s government wants to
maintain the chapter 19 dispute resolution panels.
Canada uses these to appeal duties on things like softwood lumber. Canada could still appeal to the World Trade Organization,
but winning a NAFTA arbitration ensures duties are returned to Canadian producers. “
Total Q3 2017 n=153
 Most all believe Canada should not bend on the NAFTA dispute resolution
process.
 Nearly half believe this even if Canada could gain more access to US markets.

More Related Content

What's hot

Asean-5’s Challenges May Persist Into 2018
Asean-5’s Challenges May Persist Into 2018Asean-5’s Challenges May Persist Into 2018
Asean-5’s Challenges May Persist Into 2018Bloomberg LP
 
Proof Strategies CanTrust Index 2022 Summary of Findings
Proof Strategies CanTrust Index 2022 Summary of FindingsProof Strategies CanTrust Index 2022 Summary of Findings
Proof Strategies CanTrust Index 2022 Summary of FindingsBrockPoirier1
 
D&B U.S. Economic Health Tracker | May 2014
D&B U.S. Economic Health Tracker | May 2014D&B U.S. Economic Health Tracker | May 2014
D&B U.S. Economic Health Tracker | May 2014Dun & Bradstreet
 
Major league investments july 23 2012_economic update
Major league investments july 23 2012_economic updateMajor league investments july 23 2012_economic update
Major league investments july 23 2012_economic updateFiner Wealth Management, Inc.
 
2014 Economic Outlook (Michael Brown, Wells Fargo)
2014 Economic Outlook (Michael Brown, Wells Fargo)2014 Economic Outlook (Michael Brown, Wells Fargo)
2014 Economic Outlook (Michael Brown, Wells Fargo)PublicFinanceTV
 
Wells Fargo - SDBJ 2016 Economic Trends
Wells Fargo - SDBJ 2016 Economic TrendsWells Fargo - SDBJ 2016 Economic Trends
Wells Fargo - SDBJ 2016 Economic Trendssdbusinessjournal
 
Equity Strategy - Consumer Staples
Equity Strategy - Consumer StaplesEquity Strategy - Consumer Staples
Equity Strategy - Consumer StaplesKevin Cheng, CFA
 
Major league investments july 30 2012_economic update
Major league investments july 30 2012_economic updateMajor league investments july 30 2012_economic update
Major league investments july 30 2012_economic updateFiner Wealth Management, Inc.
 
Economic Forecast - Summer 2014 NCLGBA Conference
Economic Forecast - Summer 2014 NCLGBA ConferenceEconomic Forecast - Summer 2014 NCLGBA Conference
Economic Forecast - Summer 2014 NCLGBA ConferencePublicFinanceTV
 
The Truth About Lying: An Economic Analysis
The Truth About Lying: An Economic AnalysisThe Truth About Lying: An Economic Analysis
The Truth About Lying: An Economic AnalysisJoe Morgan
 
Annie Williams: Real Estate Market Trends Sep/Oct 2013
Annie Williams: Real Estate Market Trends Sep/Oct 2013Annie Williams: Real Estate Market Trends Sep/Oct 2013
Annie Williams: Real Estate Market Trends Sep/Oct 2013Jon Weaver
 
C-Suite 45th Quarterly Survey 2016
C-Suite 45th Quarterly Survey 2016C-Suite 45th Quarterly Survey 2016
C-Suite 45th Quarterly Survey 2016The Gandalf Group
 
Us Startup Outlook Report 2017
Us Startup Outlook Report 2017Us Startup Outlook Report 2017
Us Startup Outlook Report 2017Webrazzi
 

What's hot (20)

Asean-5’s Challenges May Persist Into 2018
Asean-5’s Challenges May Persist Into 2018Asean-5’s Challenges May Persist Into 2018
Asean-5’s Challenges May Persist Into 2018
 
Proof Strategies CanTrust Index 2022 Summary of Findings
Proof Strategies CanTrust Index 2022 Summary of FindingsProof Strategies CanTrust Index 2022 Summary of Findings
Proof Strategies CanTrust Index 2022 Summary of Findings
 
D&B U.S. Economic Health Tracker | May 2014
D&B U.S. Economic Health Tracker | May 2014D&B U.S. Economic Health Tracker | May 2014
D&B U.S. Economic Health Tracker | May 2014
 
Major league investments july 23 2012_economic update
Major league investments july 23 2012_economic updateMajor league investments july 23 2012_economic update
Major league investments july 23 2012_economic update
 
Salesforce
SalesforceSalesforce
Salesforce
 
2014 Economic Outlook (Michael Brown, Wells Fargo)
2014 Economic Outlook (Michael Brown, Wells Fargo)2014 Economic Outlook (Michael Brown, Wells Fargo)
2014 Economic Outlook (Michael Brown, Wells Fargo)
 
2019 CEOs Speak Presentation
2019 CEOs Speak Presentation2019 CEOs Speak Presentation
2019 CEOs Speak Presentation
 
Wells Fargo - SDBJ 2016 Economic Trends
Wells Fargo - SDBJ 2016 Economic TrendsWells Fargo - SDBJ 2016 Economic Trends
Wells Fargo - SDBJ 2016 Economic Trends
 
Business Predictions for 2017
Business Predictions for 2017Business Predictions for 2017
Business Predictions for 2017
 
Equity Strategy - Consumer Staples
Equity Strategy - Consumer StaplesEquity Strategy - Consumer Staples
Equity Strategy - Consumer Staples
 
Major league investments july 30 2012_economic update
Major league investments july 30 2012_economic updateMajor league investments july 30 2012_economic update
Major league investments july 30 2012_economic update
 
Economic Forecast - Summer 2014 NCLGBA Conference
Economic Forecast - Summer 2014 NCLGBA ConferenceEconomic Forecast - Summer 2014 NCLGBA Conference
Economic Forecast - Summer 2014 NCLGBA Conference
 
The Truth About Lying: An Economic Analysis
The Truth About Lying: An Economic AnalysisThe Truth About Lying: An Economic Analysis
The Truth About Lying: An Economic Analysis
 
US Outlook 2H18/1H19
US Outlook 2H18/1H19US Outlook 2H18/1H19
US Outlook 2H18/1H19
 
Annie Williams: Real Estate Market Trends Sep/Oct 2013
Annie Williams: Real Estate Market Trends Sep/Oct 2013Annie Williams: Real Estate Market Trends Sep/Oct 2013
Annie Williams: Real Estate Market Trends Sep/Oct 2013
 
Straight Forward - Winter 2017
Straight Forward - Winter 2017Straight Forward - Winter 2017
Straight Forward - Winter 2017
 
McKinsey COVID-19 impact US wave 7
McKinsey COVID-19 impact US wave 7McKinsey COVID-19 impact US wave 7
McKinsey COVID-19 impact US wave 7
 
C-Suite 45th Quarterly Survey 2016
C-Suite 45th Quarterly Survey 2016C-Suite 45th Quarterly Survey 2016
C-Suite 45th Quarterly Survey 2016
 
Us Startup Outlook Report 2017
Us Startup Outlook Report 2017Us Startup Outlook Report 2017
Us Startup Outlook Report 2017
 
16TAP YearEndLetter 2016
16TAP YearEndLetter 201616TAP YearEndLetter 2016
16TAP YearEndLetter 2016
 

Similar to C-Suite 48th Quarterly Survey 2017

C-Suite 46th Quarterly Survey 2017
C-Suite 46th Quarterly Survey 2017C-Suite 46th Quarterly Survey 2017
C-Suite 46th Quarterly Survey 2017The Gandalf Group
 
Garwood - TD Forecast
Garwood - TD ForecastGarwood - TD Forecast
Garwood - TD ForecastRita Garwood
 
November 2018 Economic Minute with Dennis Hoffman
November 2018 Economic Minute with Dennis HoffmanNovember 2018 Economic Minute with Dennis Hoffman
November 2018 Economic Minute with Dennis HoffmanShay Moser
 
_ C@p_T3st
_ C@p_T3st_ C@p_T3st
_ C@p_T3stflipdemo
 
C-Suite 42nd Quarterly Survey 2016
C-Suite 42nd Quarterly Survey 2016C-Suite 42nd Quarterly Survey 2016
C-Suite 42nd Quarterly Survey 2016The Gandalf Group
 
Tax Reform: Time for Rubber to meet the road!
Tax Reform: Time for Rubber to meet the road!Tax Reform: Time for Rubber to meet the road!
Tax Reform: Time for Rubber to meet the road!David Apted
 
Global data retail 2016 election briefing
Global data retail 2016 election briefingGlobal data retail 2016 election briefing
Global data retail 2016 election briefingDarran Blatch
 
Global data retail 2016 election briefing
Global data retail 2016 election briefingGlobal data retail 2016 election briefing
Global data retail 2016 election briefingDarran Blatch
 
2018 Taiwan Business Climate Survey (BCS)
2018 Taiwan Business Climate Survey  (BCS)2018 Taiwan Business Climate Survey  (BCS)
2018 Taiwan Business Climate Survey (BCS)Gordon Stewart
 
The Great Recession Is Over: What’s Next, and What Does It Mean for Learning?
The Great Recession Is Over: What’s Next, and What Does It Mean for Learning?The Great Recession Is Over: What’s Next, and What Does It Mean for Learning?
The Great Recession Is Over: What’s Next, and What Does It Mean for Learning?Human Capital Media
 
EY Global Capital Confidence Barometer (12th Edition)
EY Global Capital Confidence Barometer (12th Edition)EY Global Capital Confidence Barometer (12th Edition)
EY Global Capital Confidence Barometer (12th Edition)EY
 
Mic q1 2017_earnings_presentation
Mic q1 2017_earnings_presentationMic q1 2017_earnings_presentation
Mic q1 2017_earnings_presentationgenworth_financial
 
Trade Confidence Index mid-year 2018 results
Trade Confidence Index mid-year 2018 resultsTrade Confidence Index mid-year 2018 results
Trade Confidence Index mid-year 2018 resultsPeter Hall
 
Export Development Canada's Mid-Year 2018 Trade Confidence Index
Export Development Canada's Mid-Year 2018 Trade Confidence IndexExport Development Canada's Mid-Year 2018 Trade Confidence Index
Export Development Canada's Mid-Year 2018 Trade Confidence IndexStephen Tapp
 
Mic q4 2017_earnings_presentation
Mic q4 2017_earnings_presentationMic q4 2017_earnings_presentation
Mic q4 2017_earnings_presentationgenworth_financial
 
201405 EY Capital-Confidence-Barometer-april-2014
201405 EY Capital-Confidence-Barometer-april-2014201405 EY Capital-Confidence-Barometer-april-2014
201405 EY Capital-Confidence-Barometer-april-2014Francisco Calzado
 
Su10 ceo workshop_supporting slides
Su10 ceo workshop_supporting slidesSu10 ceo workshop_supporting slides
Su10 ceo workshop_supporting slidesmcgowaUSA
 
Day 1 session 3A - 1530 - 1700 hours - Variable Annuity products: respondin...
Day 1   session 3A - 1530 - 1700 hours - Variable Annuity products: respondin...Day 1   session 3A - 1530 - 1700 hours - Variable Annuity products: respondin...
Day 1 session 3A - 1530 - 1700 hours - Variable Annuity products: respondin...Amit Ayer
 

Similar to C-Suite 48th Quarterly Survey 2017 (20)

C-Suite 46th Quarterly Survey 2017
C-Suite 46th Quarterly Survey 2017C-Suite 46th Quarterly Survey 2017
C-Suite 46th Quarterly Survey 2017
 
Garwood - TD Forecast
Garwood - TD ForecastGarwood - TD Forecast
Garwood - TD Forecast
 
November 2018 Economic Minute with Dennis Hoffman
November 2018 Economic Minute with Dennis HoffmanNovember 2018 Economic Minute with Dennis Hoffman
November 2018 Economic Minute with Dennis Hoffman
 
_ C@p_T3st
_ C@p_T3st_ C@p_T3st
_ C@p_T3st
 
C-Suite 42nd Quarterly Survey 2016
C-Suite 42nd Quarterly Survey 2016C-Suite 42nd Quarterly Survey 2016
C-Suite 42nd Quarterly Survey 2016
 
Tax Reform: Time for Rubber to meet the road!
Tax Reform: Time for Rubber to meet the road!Tax Reform: Time for Rubber to meet the road!
Tax Reform: Time for Rubber to meet the road!
 
Global data retail 2016 election briefing
Global data retail 2016 election briefingGlobal data retail 2016 election briefing
Global data retail 2016 election briefing
 
Global data retail 2016 election briefing
Global data retail 2016 election briefingGlobal data retail 2016 election briefing
Global data retail 2016 election briefing
 
2018 Taiwan Business Climate Survey (BCS)
2018 Taiwan Business Climate Survey  (BCS)2018 Taiwan Business Climate Survey  (BCS)
2018 Taiwan Business Climate Survey (BCS)
 
Support System
Support SystemSupport System
Support System
 
The Great Recession Is Over: What’s Next, and What Does It Mean for Learning?
The Great Recession Is Over: What’s Next, and What Does It Mean for Learning?The Great Recession Is Over: What’s Next, and What Does It Mean for Learning?
The Great Recession Is Over: What’s Next, and What Does It Mean for Learning?
 
EY Global Capital Confidence Barometer (12th Edition)
EY Global Capital Confidence Barometer (12th Edition)EY Global Capital Confidence Barometer (12th Edition)
EY Global Capital Confidence Barometer (12th Edition)
 
Mic q1 2017_earnings_presentation
Mic q1 2017_earnings_presentationMic q1 2017_earnings_presentation
Mic q1 2017_earnings_presentation
 
Trade Confidence Index mid-year 2018 results
Trade Confidence Index mid-year 2018 resultsTrade Confidence Index mid-year 2018 results
Trade Confidence Index mid-year 2018 results
 
Trade Confidence Index - Mid-Year 2018
Trade Confidence Index - Mid-Year 2018Trade Confidence Index - Mid-Year 2018
Trade Confidence Index - Mid-Year 2018
 
Export Development Canada's Mid-Year 2018 Trade Confidence Index
Export Development Canada's Mid-Year 2018 Trade Confidence IndexExport Development Canada's Mid-Year 2018 Trade Confidence Index
Export Development Canada's Mid-Year 2018 Trade Confidence Index
 
Mic q4 2017_earnings_presentation
Mic q4 2017_earnings_presentationMic q4 2017_earnings_presentation
Mic q4 2017_earnings_presentation
 
201405 EY Capital-Confidence-Barometer-april-2014
201405 EY Capital-Confidence-Barometer-april-2014201405 EY Capital-Confidence-Barometer-april-2014
201405 EY Capital-Confidence-Barometer-april-2014
 
Su10 ceo workshop_supporting slides
Su10 ceo workshop_supporting slidesSu10 ceo workshop_supporting slides
Su10 ceo workshop_supporting slides
 
Day 1 session 3A - 1530 - 1700 hours - Variable Annuity products: respondin...
Day 1   session 3A - 1530 - 1700 hours - Variable Annuity products: respondin...Day 1   session 3A - 1530 - 1700 hours - Variable Annuity products: respondin...
Day 1 session 3A - 1530 - 1700 hours - Variable Annuity products: respondin...
 

More from The Gandalf Group

News Release - Canadian Investors Survey
News Release - Canadian Investors SurveyNews Release - Canadian Investors Survey
News Release - Canadian Investors SurveyThe Gandalf Group
 
Consumerology 24: Economic Update 2015
Consumerology 24: Economic Update 2015Consumerology 24: Economic Update 2015
Consumerology 24: Economic Update 2015The Gandalf Group
 
Consumerology 24 Coverage in Marketing Magazine
Consumerology 24 Coverage in Marketing MagazineConsumerology 24 Coverage in Marketing Magazine
Consumerology 24 Coverage in Marketing MagazineThe Gandalf Group
 
Ontario Retirement Security Research
Ontario Retirement Security ResearchOntario Retirement Security Research
Ontario Retirement Security ResearchThe Gandalf Group
 
The CEO Communications Audit
The CEO Communications AuditThe CEO Communications Audit
The CEO Communications AuditThe Gandalf Group
 
Consumerology 24: Economic Update 2015
Consumerology 24: Economic Update 2015Consumerology 24: Economic Update 2015
Consumerology 24: Economic Update 2015The Gandalf Group
 
C-Suite 41st Quarterly Survey
C-Suite 41st Quarterly SurveyC-Suite 41st Quarterly Survey
C-Suite 41st Quarterly SurveyThe Gandalf Group
 
C-Suite 43rd Quarterly Study 2016
C-Suite 43rd Quarterly Study 2016C-Suite 43rd Quarterly Study 2016
C-Suite 43rd Quarterly Study 2016The Gandalf Group
 
C-Suite 44th Quarterly Survey 2016
C-Suite 44th Quarterly Survey 2016C-Suite 44th Quarterly Survey 2016
C-Suite 44th Quarterly Survey 2016The Gandalf Group
 
Canadians Weigh In On US Election 2016
Canadians Weigh In On US Election 2016Canadians Weigh In On US Election 2016
Canadians Weigh In On US Election 2016The Gandalf Group
 
C-Suite 45th Quarterly Survey 2016
C-Suite 45th Quarterly Survey 2016C-Suite 45th Quarterly Survey 2016
C-Suite 45th Quarterly Survey 2016The Gandalf Group
 
The Canadian Investor's Survey May 2017
The Canadian Investor's Survey May 2017The Canadian Investor's Survey May 2017
The Canadian Investor's Survey May 2017The Gandalf Group
 
C-Suite 47th Quarterly Survey: Executive Summary
C-Suite 47th Quarterly Survey: Executive SummaryC-Suite 47th Quarterly Survey: Executive Summary
C-Suite 47th Quarterly Survey: Executive SummaryThe Gandalf Group
 
C-Suite 39th Quarterly Survey 2015
C-Suite 39th Quarterly Survey 2015C-Suite 39th Quarterly Survey 2015
C-Suite 39th Quarterly Survey 2015The Gandalf Group
 
C-Suite 41st Quarterly Survey
C-Suite 41st Quarterly SurveyC-Suite 41st Quarterly Survey
C-Suite 41st Quarterly SurveyThe Gandalf Group
 
C-Suite 43rd Quarterly Study 2016
C-Suite 43rd Quarterly Study 2016C-Suite 43rd Quarterly Study 2016
C-Suite 43rd Quarterly Study 2016The Gandalf Group
 
C-Suite 44th Quarterly Survey 2016
C-Suite 44th Quarterly Survey 2016C-Suite 44th Quarterly Survey 2016
C-Suite 44th Quarterly Survey 2016The Gandalf Group
 
Canadian Opinion on The US Presidential Election
Canadian Opinion on The US Presidential ElectionCanadian Opinion on The US Presidential Election
Canadian Opinion on The US Presidential ElectionThe Gandalf Group
 
C-Suite 47th Quarterly Survey 2017
C-Suite 47th Quarterly Survey 2017C-Suite 47th Quarterly Survey 2017
C-Suite 47th Quarterly Survey 2017The Gandalf Group
 
CVA Direct-to-Consumer Retailing Survey
CVA Direct-to-Consumer Retailing SurveyCVA Direct-to-Consumer Retailing Survey
CVA Direct-to-Consumer Retailing SurveyThe Gandalf Group
 

More from The Gandalf Group (20)

News Release - Canadian Investors Survey
News Release - Canadian Investors SurveyNews Release - Canadian Investors Survey
News Release - Canadian Investors Survey
 
Consumerology 24: Economic Update 2015
Consumerology 24: Economic Update 2015Consumerology 24: Economic Update 2015
Consumerology 24: Economic Update 2015
 
Consumerology 24 Coverage in Marketing Magazine
Consumerology 24 Coverage in Marketing MagazineConsumerology 24 Coverage in Marketing Magazine
Consumerology 24 Coverage in Marketing Magazine
 
Ontario Retirement Security Research
Ontario Retirement Security ResearchOntario Retirement Security Research
Ontario Retirement Security Research
 
The CEO Communications Audit
The CEO Communications AuditThe CEO Communications Audit
The CEO Communications Audit
 
Consumerology 24: Economic Update 2015
Consumerology 24: Economic Update 2015Consumerology 24: Economic Update 2015
Consumerology 24: Economic Update 2015
 
C-Suite 41st Quarterly Survey
C-Suite 41st Quarterly SurveyC-Suite 41st Quarterly Survey
C-Suite 41st Quarterly Survey
 
C-Suite 43rd Quarterly Study 2016
C-Suite 43rd Quarterly Study 2016C-Suite 43rd Quarterly Study 2016
C-Suite 43rd Quarterly Study 2016
 
C-Suite 44th Quarterly Survey 2016
C-Suite 44th Quarterly Survey 2016C-Suite 44th Quarterly Survey 2016
C-Suite 44th Quarterly Survey 2016
 
Canadians Weigh In On US Election 2016
Canadians Weigh In On US Election 2016Canadians Weigh In On US Election 2016
Canadians Weigh In On US Election 2016
 
C-Suite 45th Quarterly Survey 2016
C-Suite 45th Quarterly Survey 2016C-Suite 45th Quarterly Survey 2016
C-Suite 45th Quarterly Survey 2016
 
The Canadian Investor's Survey May 2017
The Canadian Investor's Survey May 2017The Canadian Investor's Survey May 2017
The Canadian Investor's Survey May 2017
 
C-Suite 47th Quarterly Survey: Executive Summary
C-Suite 47th Quarterly Survey: Executive SummaryC-Suite 47th Quarterly Survey: Executive Summary
C-Suite 47th Quarterly Survey: Executive Summary
 
C-Suite 39th Quarterly Survey 2015
C-Suite 39th Quarterly Survey 2015C-Suite 39th Quarterly Survey 2015
C-Suite 39th Quarterly Survey 2015
 
C-Suite 41st Quarterly Survey
C-Suite 41st Quarterly SurveyC-Suite 41st Quarterly Survey
C-Suite 41st Quarterly Survey
 
C-Suite 43rd Quarterly Study 2016
C-Suite 43rd Quarterly Study 2016C-Suite 43rd Quarterly Study 2016
C-Suite 43rd Quarterly Study 2016
 
C-Suite 44th Quarterly Survey 2016
C-Suite 44th Quarterly Survey 2016C-Suite 44th Quarterly Survey 2016
C-Suite 44th Quarterly Survey 2016
 
Canadian Opinion on The US Presidential Election
Canadian Opinion on The US Presidential ElectionCanadian Opinion on The US Presidential Election
Canadian Opinion on The US Presidential Election
 
C-Suite 47th Quarterly Survey 2017
C-Suite 47th Quarterly Survey 2017C-Suite 47th Quarterly Survey 2017
C-Suite 47th Quarterly Survey 2017
 
CVA Direct-to-Consumer Retailing Survey
CVA Direct-to-Consumer Retailing SurveyCVA Direct-to-Consumer Retailing Survey
CVA Direct-to-Consumer Retailing Survey
 

Recently uploaded

HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsMichael W. Hawkins
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...lizamodels9
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesDipal Arora
 
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Delhi Call girls
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdftbatkhuu1
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessAggregage
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Roomdivyansh0kumar0
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Tina Ji
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 

Recently uploaded (20)

HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael Hawkins
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdf
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for Success
 
Nepali Escort Girl Kakori \ 9548273370 Indian Call Girls Service Lucknow ₹,9517
Nepali Escort Girl Kakori \ 9548273370 Indian Call Girls Service Lucknow ₹,9517Nepali Escort Girl Kakori \ 9548273370 Indian Call Girls Service Lucknow ₹,9517
Nepali Escort Girl Kakori \ 9548273370 Indian Call Girls Service Lucknow ₹,9517
 
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130  Available With RoomVIP Kolkata Call Girl Howrah 👉 8250192130  Available With Room
VIP Kolkata Call Girl Howrah 👉 8250192130 Available With Room
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
VVVIP Call Girls In Greater Kailash ➡️ Delhi ➡️ 9999965857 🚀 No Advance 24HRS...
 
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
Russian Faridabad Call Girls(Badarpur) : ☎ 8168257667, @4999
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 

C-Suite 48th Quarterly Survey 2017

  • 1. The 48th Quarterly C-Suite Survey October 6, 2017 Sponsored by: Published and broadcast by:
  • 2. 2222 Introduction  Methodology: telephone interviews with 153 C-level executives from ROB1000-listed companies between Sept. 11 & Oct. 5, 2017.  This quarter’s survey asked the C-Suite about:  Interest rate setting by the Bank of Canada  Increases to the minimum wage in Ontario & Alberta  Advanced manufacturing & technologies & their potential to offset labour costs & spur growth  Trade Policy, NAFTA  The Trump Administration  The state of the economy & how the C-Suite is feeling about business
  • 3. 3333 Executive Summary The Bank of Canada & Interest Rates  Most in the C--Suite would oppose another rate increase by the Bank of Canada.  Opposition is significantly higher among Western Canadian businesses and those in the resources sector who were also more likely to say recent increases have negatively impacted them.  Only about 1 in 3 thinks it’s likely the Bank will raise rates in October. This may be because almost all in the C-Suite share the view that the economy is unlikely to post strong growth over the next 12 months, in spite of strong data over the last 3 months. Increases to the minimum wage in Ontario/Alberta  Most oppose a minimum wage increase to $15/hr. by 2019, as proposed in Ontario.  Opposition to a $15 min. wage is somewhat lower in Ontario than in Alberta.  Most would support an increase to $15 over 4-years.  Most said the proposed min. wage increases in Ontario & Alberta will have a somewhat negative impact on those economies.  But a clear majority in the C-suite don’t expect their businesses will be impacted.
  • 4. 4444 Executive Summary (Cont’d) Automation & Advanced Manufacturing  Concern about the impact of min. wage increases on manufacturing is modest.  In fact most think advanced technology will allow for growth in manufacturing in North America.  Advanced technologies and automation also offset concern about higher wages, as a substantial number of businesses expect increased automation at their workplace. NAFTA  There is remarkable uncertainty around what the US will do in respect of NAFTA.  Many are uncertain whether the Trump Administration will seek only minor changes to NAFTA, or major changes or repeal it and start from scratch.  The Canadian government has outlined its priorities for the renegotiation of NAFTA and the C-Suite sees some of these as very important priorities. Most in the C-Suite believe it should be a very high priority for Canada to seek:  Freer movement of workers & expanding the list of professions eligible for visas.  Access for Cdn. companies to bid on local, state & federal government procurement and prevent “Buy America” protectionist policies.  Additionally, one of the highest priorities of those tested is for Canada to preserve the chapter 19 dispute resolution process embedded in .
  • 5. 5555 Interest Rates  Many will take comfort from recent remarks delivered by the Governor of the Bank of Canada, where he appeared to downplay the likelihood of another rate increase.  Only 34% expect another rate hike in October.  However, 39% believe the rate increases already announced will have or are having a at least a somewhat negative impact on their companies.  A larger proportion (50%) said an additional rate increase after the Bank’s next meeting would have a somewhat or very negative impact on their companies.  Most (64%) would oppose another rate hike after the October meeting.  This is perhaps explained by the fact that recent economic data and jobs numbers have not impacted the outlook for Canada’s economy over the next 12 mos. The C-Suite’s forecast is only slightly improved since the start of 2017 with most expecting modest growth and only 1 in 10 expecting the economy to grow strongly.
  • 6. 6666 Impact of Recent Interest Rate Increases on Your Business 3% 5% 7% 10% 7% 16% 4% 21% 5% 46% 44% 50% 51% 38% 50% 32% 38% 25% 37% 29% 25% 7% 10% 2% 8% 2% 15% 2% 5% Total West ON+Atl Res. Serv. Manuf. Very positive Somewhat positive Neutral Somewhat negative Very negative Don't Know/NR This summer, the Bank of Canada raised its key lending rate by a quarter percentage point and then raised it another quarter percentage point on September 6th. Would you say the net impact on YOUR COMPANY as a result of these rate increases will be …? (Read the options below - accept don’t know) Total Q3 2017 n=153  Few said recent rate increases had had a positive impact – they tended to be in the services sector.  Western and resources-based companies were more likely to say rate hikes were going to have a negative impact
  • 7. 7777 Likelihood of A Rate Increase In October 34% 64% 2% Likely Unlikely Don't Know “Do you think it is likely or unlikely that the Bank will raise its benchmark lending rate again in late October after its next scheduled meeting?” Total Q3 2017 n=153  Most think another rate increase is unlikely.
  • 8. 8888 Impact of Another Rate Increase 5% 10% 7% 16% 36% 32% 43% 42% 49% 32% 8% 12% 2% Total West ON+Atl Very positive Somewhat positive Neutral Somewhat negative Very negative Don't Know Net impact on YOUR COMPANY if there was another quarter percent increase “What would be the net impact on YOUR COMPANY if there was another quarter percent increase in the Bank of Canada's key lending rate in October? Would it be...?” Total Q3 2017 n=153  Half of businesses said another rate hike would have a negative impact on them, with most in the West saying this.
  • 9. 9999 Impact of Another Rate Increase On The Economy 9% 7% 13% 24% 22% 27% 62% 67% 55% 3% 2% 5% Total West ON+Atl Very positive Somewhat positive Neutral Somewhat negative Very negative Don't Know Impact of raising interest rates by another quarter percent on Canadian economy “If the Bank raises interest rates by another quarter percentage point after its October meeting, what do you think the net impact on THE CANADIAN ECONOMY would be?” Total Q3 2017 n=153  Significantly more believe another rate increase would have a somewhat negative impact on the economy, but almost none said the impact would be very negative.
  • 10. 10101010 Mostly Opposition to Another Rate Increase 5% 5% 7% 4% 7% 5% 27% 13% 46% 20% 32% 35% 32% 40% 21% 41% 27% 15% 32% 39% 21% 31% 32% 40% 4% 3% 5% 4% 2% 5% Total West ON+Atl Res. Serv. Manuf. Strongly support Somewhat support Somewhat oppose Strongly oppose Don't Know “Would you support or oppose the Bank of Canada raising rates again by another quarter percentage point at its next meeting in October? Would that be strongly or somewhat support/oppose?” Total Q3 2017 n=153  Most oppose would oppose another rate increase.  Opposition would be fierce in the West, while many in Ontario are open to it.  The primary opposition to a rate increase stems from concern about debt and financing, although many are concerned about currency and business costs.
  • 11. 11111111 Impacts Of Rate Increase – Open Ended Mentions 42% 21% 16% 16% 16% Increased return on investments Strengthening Can. dollar, bringing it closer to parity with the US will bring benefits Makes insurance products more competitive Promotes growth, increased competitiveness Increased revenue Positive Impacts Negative Impacts 46% 20% 12% 12% 11% 11% 8% 5% 5% 4% 3% Increased cost of borrowing/debt maintenance Increased operating/production costs Increased exchange rate has negative affect Increased value of Can. dollar hurts exporters Raises the value of the Can. dollar Reduces profit margins/earnings Decreased consumer spending Reduced growth (including staffing) Decreases commodity prices Makes Can. businesses less competitive Decline in return on investments & equity pricing “And why do you say (a rate increase) would have a (positive/ negative/ neutral) impact?” “What would be the net impact on YOUR COMPANY if there was another quarter percent increase in the Bank of Canada's key lending rate in October? Would it be...?” Total Q3 2017 n=153 | Positive n=19 ; Negative n= 76 12% 36% 50% 2% Very/somewhat positive Neutral Very/somewhat negative Don't Know
  • 12. 12121212 Canadian Economic Outlook 8% 3% 3% 84% 83% 85% 7% 12% 8% Q3 2017 Q2 2017 Q1 2017 Strong growth Moderate growth Moderate decline Strong decline DK/NR “What are your expectations for the U.S. economy over the next 12 months?” Total Q3 2017 n=153 • The outlook for Canada’s economy is only slightly improved since last quarter with 1 in 10 expecting the economy to grow strongly over the next 12 months.
  • 13. 13131313 US Economic Outlook 16% 18% 40% 24% 9% 69% 74% 58% 70% 77% 13% 6% 2% 6% 13% Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Strong growth Moderate growth Moderate decline Strong decline DK/NR “What are your expectations for the U.S. economy over the next 12 months?” Total Q3 2017 n=153 • As with last quarter, most expect moderate growth for the US economy and less than 1 in 5 expect strong growth. This is down from the beginning of the year, when most expected growth but 4 in 10 expected the US to grow strongly.
  • 14. 14141414 Expectations For Business 34% 34% 34% 32% 28% 27% 19% 21% 56% 55% 58% 57% 61% 58% 58% 58% 8% 9% 4% 9% 10% 13% 20% 19% 1% 1% 1% 1% 1% 2% 2% 3% 2% Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Strong growth Moderate growth Moderate decline Strong decline DK/NR “What are your expectations for your company over the next 12 months? Total Q3 2017 n=153 • Expectations for businesses are mostly unchanged over the past three quarters.
  • 15. 15151515 Minimum Wage  The C-Suite was asked about plans in Alberta & Ontario to raise the min. wage to $15/hour in 2018 & 2019.  Most said the proposed increases would not impact their companies.  One in five said the impact would be slight – less than 1 in 10 said it would be significant.  68% of those in Ontario said there would be no impact, 6% said it would be significant.  Most said the increases would have at least a somewhat negative impact on those provinces’ economies.  Half said they would have a somewhat negative impact on the Canadian economy  While most oppose the increases announced in ON and AB, there isn’t a consensus.  55% said they would oppose increasing the minimum wage to $15 by 2019 in their province – 3 in 10 would support this.  Most would support a raise to $15/hr if it was phased in over four years and not two.  51% said 2021 is about the right timeline for this kind of increase to the min. wage.  24% said it should be implemented sooner than 2021.
  • 16. 16161616 Minimum Wage 27% 15% 27% 9% 32% 21% 32% 37% 48% 48% 25% 30% 32% 31% 20% 30% 34% 30% 8% 13% 5% 9% 9% 13% 1% 0% 4% 0% Total: A $15 minimum wage in both Ontario and Alberta by 2019 will make the cost of doing business in those provinces significantly less competitive A $15 minimum wage by 2019 will further the decline of manufacturing in Canada Alberta: A $15 minimum wage in both Ontario and Alberta by 2019 will make the cost of doing business in those provinces significantly less competitive A $15 minimum wage by 2019 will further the decline of manufacturing in Canada Ontario: A $15 minimum wage in both Ontario and Alberta by 2019 will make the cost of doing business in those provinces significantly less competitive A $15 minimum wage by 2019 will further the decline of manufacturing in Canada Strongly agree Somewhat agree Somewhat disagree Strongly disagree Don't Know/NR “Now please tell me if you strongly agree, somewhat agree, somewhat disagree or strongly disagree with the following statements:” Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53
  • 17. 17171717 Impact of Min. Wage Increase on Economies of AB & ON 1% 2% 11% 7% 9% 28% 20% 26% 46% 52% 49% 14% 20% 13% Total AB ON Very positive Somewhat positive Neutral Somewhat negative Very negative Don't Know/Unsure “A different topic now. As you may know Alberta and Ontario have announced their intention to raise the minimum wage to $15 an hour in the near future. In Alberta this will occur in October 2018 and in Ontario the wage will increase to $14 in 2018 and $15 in 2019. If these changes in these two provinces were fully implemented, what would the impact be on the economies of these two provinces?” Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53  Few see a positive economic impact for ON & AB from min. wage increases.  Most said the impact will be at least somewhat negative.  Forecasts were somewhat more negative in Alberta (where the timeline for introduction is next year).
  • 18. 18181818 Impact of Minimum Wage Increase On Canada’s Economy 12% 7% 11% 35% 32% 32% 48% 57% 45% 5% 2% 9% Total AB ON Very positive Somewhat positive Neutral Somewhat negative Very negative Don't Know “If these minimum wage changes were fully implemented by 2019 in just Ontario and Alberta, what would the impact be on Canada's economy?” Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53  Almost as many believe that there could be a somewhat negative impact for Canada’s economy as a whole.  53% saying very/somewhat negative compared to 60% saying the impact on ON & AB will be negative.
  • 19. 19191919 5% 6% 5% 15% 5% 14% 23% 27% 26% 16% 25% 45% 12% 35% 34% 72% 73% 68% 84% 68% 40% 88% 60% 49% 1% 2% 3% Total AB ON Res. Serv. Manuf. Company size: <200 201-1000 1000+ Significantly Slightly None Unsure “Will the announced changes to the minimum wage in Ontario and Alberta significantly or slightly impact your company or will they have no impact?” Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53 Impact of Minimum Wage Increase On Your Company  A clear majority of executives surveyed don’t see an impact for their company from the proposed wage increases in ON & AB, including in those provinces.
  • 20. 20202020 Opposition to $15/hr. Minimum Wage 12% 2% 19% 18% 16% 17% 14% 9% 17% 31% 41% 28% 24% 32% 19% Total AB ON Strongly support Somewhat support Neutral Somewhat oppose Strongly oppose Don't Know “Would you strongly support, somewhat support, somewhat oppose or strongly oppose having the minimum wage in your province raised to $15 by 2019?” Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53  Most in the C-Suite would oppose a $15 min. wage by 2019 in their province.  Opposition is considerably lower in Ontario than in Alberta.  In Ontario, 36% somewhat or strongly support the higher wage, while 47% support it.
  • 21. 21212121 What is the Impact of Min. Wage Increase? 45% 28% 21% 17% 15% 11% 6% 4% 4% 2% Living wage/wage to cover the costs of living, important for… Contribute to the wellbeing of low income Canadians, increase… Increased consumer spending & purchase power Increased economic activity/growth Provides more incentive to work Various concerns about implementation Strengthens/stabilizes the middle class Increased opportunity for young workers/students May help reduce dependence on social welfare programs or… Nothing positive Positive Impacts Negative Impacts 44% 21% 20% 14% 13% 11% 11% 7% 7% 6% 5% 5% 4% 1% Will create unemployment Increased inflation, costs of business will be transferred to consumers Will hurt small businesses Higher costs of labour & business operation Will be fewer jobs for young people/students Companies will turn to automation & other alternatives Will reduce/eliminate lower paying jobs Will slow the economy/hurt economic growth Negative impact on the services industry specifically Various concerns about implementation Will reduce companies competitiveness in the global market Increase in part time work, reduced hours per week Negative for productivity & qualified staff Reduced consumer spending “And why do you say (a rate increase) would have a (positive/ negative/ neutral) impact?” Total Q3 2017 n=153 | Positive n=47 ; Negative n=84  The top of mind negative impacts are job losses, just ahead of cost to business.  The C-Suite in Alberta is somewhat more concerned about small business per se as well as job losses.
  • 22. 22222222 What is the Impact of Min. Wage Increase? 45% 28% 21% 17% 15% 11% 6% 4% 4% Living wage/wage to cover the costs of living, important for fairness Contribute to the wellbeing of low income Canadians, increase their opportunities/quality of life Increased consumer spending & purchase power Increased economic activity/growth Provides more incentive to work Various concerns about implementation Strengthens/stabilizes the middle class Increased opportunity for young workers/students May help reduce dependence on social welfare programs or under the table employment Positive Impacts Negative Impacts 44% 21% 20% 14% 13% 11% 11% 7% 7% 6% 5% 5% 4% 1% Will create unemployment Increased inflation, costs of business will be transferred to consumers Will hurt small businesses Higher costs of labour & business operation Will be fewer jobs for young people/students Companies will turn to automation & other alternatives Will reduce/eliminate lower paying jobs Will slow the economy/hurt economic growth Negative impact on the services industry specifically Various concerns about implementation Will reduce companies competitiveness in the global market Increase in part time work, reduced hours per week Negative for productivity & qualified staff Reduced consumer spending “And why do you say (a rate increase) would have a (positive/ negative/ neutral) impact?” Total Q3 2017 n=153 | Positive n=47 ; Negative n=84  The top of mind negative impacts are job losses, just ahead of cost to business.
  • 23. 23232323 About the right timeline? 51%Too late and it should be raised to $15 before then 24% Too soon to implement a minimum wage of $15, 19% DK 6% “British Columbia's government had proposed raising the minimum wage to $15 an hour by the year 2021. A BC commission is studying proposals to determine if this is the right approach. Would you say that 2021 is:” Total Q3 2017 n=153 $15 Minimum Wage by 2021  When asked about the proposed 2021 timeline for a $15 wage in BC, most do not believe that is too soon to implement such an increase.  Half think it’s the right timeline – 1 in 4 think it’s actually too late.
  • 24. 24242424 Advanced Mfg.  Potentially offsetting concern about labour costs is interest in advanced manufacturing & technologies.  Just over half (52%) agreed a $15 minimum wage would hasten the decline of manufacturing in Canada – roughly 4 in 10 in Ontario disagreed.  A clear majority however (86%) agreed new technologies in advanced manufacturing offer the potential for Canada’s manufacturing base to grow significantly.  A clear majority of the C-suite (71%) agreed these technologies will make rising labour costs much less of a global competitiveness concern than they are now.  Three in four companies (73%) say they will be relying significantly more on advanced technology in the next five years to conduct tasks that can otherwise be completed by employees.
  • 25. 25252525 Minimum Wage & Manufacturing 15% 21% 30% 37% 30% 20% 31% 30% 40% 13% 13% 10% 5%Total Ontario Manufacturing Strongly agree Somewhat agree Somewhat disagree Strongly disagree Don't Know/NR A $15 minimum wage by 2019 will further the decline of manufacturing in Canada “Now please tell me if you strongly agree, somewhat agree, somewhat disagree or strongly disagree with the following statements:” Total Q3 2017 n=153 | Alberta n=44 | Ontario n=53  Just over half believe a $15 min. wage will further weaken manufacturing in Canada, while approximately four in ten disagree with this.
  • 26. 26262626 Advanced Manufacturing 35% 29% 24% 38% 57% 47% 12% 11% 24% 13% 3% 4% 3% 0% Our company will be relying significantly more on advanced technology in the next five years to conduct tasks that can otherwise be completed by employees The use of new technology in advanced manufacturing offers the potential for Canada to see its manufacturing base rebound and grow significantly Advanced manufacturing and other technological advances will make rising North American labour costs much less of a global competitiveness concern than they are now Strongly agree Somewhat agree Somewhat disagree Strongly disagree Don't Know/NR “Now please tell me if you strongly agree, somewhat agree, somewhat disagree or strongly disagree with the following statements:” Total Q3 2017 n=153  Most companies expect to automate more of their business in the next 5 years.  35% are significantly more invested in this.  A clear majority expect to manufacturing can rebound with technology.
  • 27. 27272727 President Trump & NAFTA  Opinion about President Trump is unchanged this quarter but is significantly down from 6 mos. ago.  A clear majority agrees that it is mostly appropriate for CEO’s to speak out publicly on issues that are not related to their businesses.  Executives were asked this with reference to the CEOs who resigned from President Trump's advisory councils and issued public statements critical of the President. Only one in five said it is mostly inappropriate for CEO’s to speak out public on issues not related to their business, either through statements or social media.  There is remarkable uncertainty about where the world’s largest economy will go in respect of its largest trade agreement.  Many are uncertain whether it will seek only minor changes to NAFTA, or major changes or repeal it and start from scratch.
  • 28. 28282828 Assessing Trump’s Performance 9% 5% 3% 50% 30% 31% 39% 63% 65% 3% 1% 1% Mar. 2017 May & Jun. 2017 Sept. 2017 Good (7-9) Moderate (4-6) Poor (1-3) DK- N/A “And overall, on a scale of one to nine where one is very poor and nine is excellent, how would you rate the performance of President Trump since the start of 2017?” Total Q3 2017 n=153 • Consistent with last quarter, nearly 2-in-3 give poor ratings to the President. Six months ago, only 39% gave the President poor ratings.
  • 29. 29292929 Assessing Trudeau’s Performance 20% 18% 62% 58% 18% 23% 1% 1% Mar. 2017 Sep. 2017 Good (7-9) Moderate (4-6) Poor (1-3) DK- N/A “And overall, on a scale of one to nine where one is very poor and nine is excellent, how would you rate the performance of Prime Minister Trudeau since the start of 2017? ” Total Q3 2017 n=153 • For a comparison, opinions of Prime Minister Trudeau are mostly unchanged in the last six months – in fact relatively few have strong opinions of him either way, although one in four are now strongly unfavourable up slightly from one in five.
  • 30. 30303030 CEO’s Speaking Out On Issues Not Tied To Their Business 75% 20% 5% Mostly appropriate Mostly inappropriate It depends No Response “Do you believe that it is mostly appropriate or mostly inappropriate for CEO's to speak out publicly, such as through statements or the media, on issues that are not related to their businesses?” Total Q3 2017 n=153 QUESTION: “As you may know, several prominent CEOs resigned in protest from President Trump's advisory council on manufacturing after controversy raised by the President's remarks following events and protests in Charlottesville Virginia. Some of those CEOs issued public statements at the time condemning the events in Virginia and were critical of the President. Do you believe that it is mostly appropriate or mostly inappropriate for CEO's to speak out publicly, such as through statements or the media, on issues that are not related to their businesses?” • A clear majority agrees that it is mostly appropriate for CEO’s to speak out publicly on issues that are not related to their businesses, the way several high profile leaders did in respect of President Trump recently.
  • 31. 31313131 Changes To NAFTA Likely 8% 20% 29% 37% 25% 30% 29% 33% 35% 42% 47% 42% 44% 31% 37% 31% 17% 12% 27% 21% 28% 21% 14% 10% 4% 5% 3% 12% 2% Sept. 2017 Sept. 2017 May. 2017 Mar. 2017 Sept. 2017 May. 2017 Mar. 2017 Very likely Somewhat likely Not very likely Not at all likely DK - N/A Make only tweaks to NAFTA as it impacts Make major changes to NAFTA as it relates to both Canada and Seek major changes to NAFTA Seek to terminate the North American Free Trade agreement and then negotiate new trading agreements “Would you say it's very likely, somewhat likely, not very likely or not at all likely that President Trump's administration will…” Total Q3 2017 n=153 • In March, almost all surveyed believed it was very or likely the case that the Administration would seek only minor tweaks to NAFTA. Now, only 55% believe this is at least somewhat likely. • 67% believe it’s very or somewhat likely the Admin. will seek major changes as it impacts Canada. • While few think it’s very likely the Admin. would terminate NAFTA & negotiate new agreements, 41% think this is at least somewhat likely.
  • 32. 32323232 NAFTA  The Canadian government has outlined its priorities for the renegotiation of NAFTA and the C-Suite sees some of these as very important priorities.  Most in the C-Suite believe it should be a very high priority for Canada to seek: • Freer movement of workers & expanding the list of professions that readily obtain visas. • Access for Cdn. companies to bid on local, state & federal government procurement and prevent “Buy America” protectionist policies.  One in three believe it should be a very high priority to obtain: • A commitment from all three countries to support efforts to combat climate change • Tougher environmental protection provisions to ensure no country can weaken environmental protection to attract investment  Only 1 in 10 believe it should be a very high priority to: • Demand similar labour standards in all three countries “such as…adherence to higher minimum wages”. • Preserve Canada's supply-management system for dairy and poultry • Protect cultural industries e.g. broadcasting and publishing and foreign ownership rules.  The highest priority of those tested is for Canada to preserve the chapter 19 dispute resolution panels.  Survey respondents were given a description of the panels used to appeal duties softwood lumber, and that while Canada could appeal to the WTO, NAFTA arbitration can ensure duties are returned.  98% agreed Canada should insist on preserving the chapter 19 dispute resolution process – 75% strongly agreed.  Half agreed Canada should compromise and accept the end of the NAFTA dispute resolution panels IF it meant the US agreed to the key demands of opening its labour and public-sector procurement markets. Four in ten that Canada should not yield to this demand even if it meant greater access to those markets for contractors and professionals.
  • 33. 33333333 What Should Be Canada’s NAFTA Priorities? 57% 52% 34% 31% 11% 10% 7% 33% 39% 46% 33% 37% 41% 37% 9% 6% 16% 25% 37% 39% 39% 2% 3% 10% 15% 10% Opening up access to Canadian companies to bid on local, state and federal government procurement and prevent Buy America protectionist policies Freer movement of workers including expanding the list of types of professions that can more readily obtain work visas. Tougher environmental protection provisions to ensure no country can weaken environmental protection to attract investment Obtaining a commitment from all three countries to support efforts to combat climate change Demanding similar labour standards in all three countries such as ensuring adherence to higher minimum wages Protecting cultural exemptions including industries like Canadian publishing and Canadian broadcasting from free trade provisions. Protecting Canada's supply-management system for dairy and poultry which would ensure there is not free trade in these areas High priority Moderate priority Low priority Not at all a priority Don't Know “I’m going to read some of what the Canadian government is seeking in its negotiations with the US and Mexico in the renegotiation of NAFTA. I’d like you to tell me if you believe each objective should be a high priority, a moderate priority, a low priority or not at all a priority when it comes to what Canada should be seeking and negotiating.” Total Q3 2017 n=153
  • 34. 34343434 NAFTA Dispute Panels 75% 10% 23% 41% 2% 23% 24% Canada should insist on preserving the chapter 19 dispute resolution process? Canada should accept an end to the chapter 19 dispute resolution process if it would mean that in return the US agrees to open up the US labour market and its public-sector procurement market to greater access by Canadian professionals and contractors? Strongly agree Somewhat agree Somewhat disagree Strongly disagree Don't Know “The US administration is seeking to eliminate NAFTA's Chapter 19 dispute resolution panels. Canada’s government wants to maintain the chapter 19 dispute resolution panels. Canada uses these to appeal duties on things like softwood lumber. Canada could still appeal to the World Trade Organization, but winning a NAFTA arbitration ensures duties are returned to Canadian producers. “ Total Q3 2017 n=153  Most all believe Canada should not bend on the NAFTA dispute resolution process.  Nearly half believe this even if Canada could gain more access to US markets.