Corporate directors say Canada can thrive outside of NAFTA: ICD survey
Confident in the Canadian economy and in the prospects for their own sectors.
TORONTO — Some reassuring news for Canada’s board rooms, if the Trump regime decides the US is going to withdraw from NAFTA, Canada will be okay.
A survey by the Institute of Corporate Directors (ICD) found fewer than half of board directors among its membership are confident the agreement can be successfully renegotiated, but 76% believe international trade will thrive. Directors are also confident in the Canadian economy and in the prospects for their own sectors.
The Director Lens survey, conducted by Environics Research, found:
• 75% feel the Canadian economy will improve or remain the same
• 79% feel their economic sectors will improve or remain the same
• 61% plan to increase capital spending in 2018
• 40% expect to grow R&D spending in 2018
• 5% expect to raise or maintain staffing levels over the next five to 10 years
The survey involved 684 executives. The results are accurate +/-3.8 percentage points, 19 times out of 20.