Canadian CEOs’ optimism hits record high: report

Sixty-seven per cent of Canadian CEOs believe that core technologies, such as AI, robotics and blockchain, will disrupt their business models

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The company’s 21st Global CEO Survey found that a record-breaking 88 per cent of Canadian chief executive officers are optimistic about their company’s prospects for revenue growth and 72 per cent believe global economic growth will improve over the next 12 months.

The survey found that (despite North American Free Trade Agreement uncertainties) followed by China (53 per cent), United Kingdom (30 per cent) and Germany (19 per cent).

Other key highlights from the survey include:

  • Key threats to growth are geopolitical uncertainty (88 per cent), protectionism (84 per cent) and cyber threats (81 per cent);
  • 67 per cent of Canadian CEOs believe that core technologies, such as AI, robotics and blockchain, will disrupt their business models;
  • 65 per cent of CEOs are concerned about the availability of digital skills in their workforces and 60 per cent felt there is a shortage of such skills in the Canadian labour market.

“The combination of a stable economy and trading opportunities with the US, Europe, and Asia – especially in light of the newly negotiated Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – make for a strong business outlook,” said Bill McFarland, CEO and chief inclusion officer of PwC Canada.

“There’s great optimism and momentum within the Canadian business environment with exciting opportunities ahead. Many Canadian CEOs are looking to create partnerships and alliances at home and abroad for future growth.”

The full report can be found at https://goo.gl/pjDWyn


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