Canadian Businesses Optimistic About Federal Economic Plan, KPMG Survey Finds
A new poll shows 51% of Canadian business leaders believe their firms will be better off under the federal government's economic agenda, but execution and trade tensions remain key concerns.
A KPMG survey of 359 Canadian business leaders reveals widespread optimism about the federal government's economic agenda, with just over half expecting their firms to benefit from federal initiatives over the next three years. The poll, conducted between June 25 and July 13, reflects business confidence in the Carney government's approach to economic stimulus, though respondents emphasize that success will depend heavily on implementation speed and resilience in the face of U.S. trade pressures.
Key Findings
- 51% of business leaders surveyed say their firm will be better off as a result of federal economic measures over the next three years
- Businesses are calling for faster execution on the federal economic agenda
- Priority requests include removing red tape and fast-tracking a new West Coast oil pipeline
- Concerns remain about U.S. tariff threats on key sectors including steel, aluminum, automobiles and lumber
The business community is urging the federal government to stay focused on actions within Canada's control, including delivering on the economic agenda faster, improving tax competitiveness and diversifying trade relationships away from over-reliance on the United States.
For expats and business owners considering Canada or already operating here, the survey suggests federal support for enterprise and investment remains strong, though the tariff environment remains volatile. Monitor announcements around tax competitiveness, regulatory reform and the proposed West Coast oil pipeline, as these could significantly affect sectoral growth, employment opportunities and investment climate over the coming years.
Sources
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