CPA Canada Business Monitor

The Chartered Professional Accountants of Canada (CPA Canada) is proud to present the CPA Canada Business Monitor. This report draws on the strategic thinking and business insight of professional accountants holding key leadership positions in a wide range of Canadian organizations to provide a view of business trends and economic optimism across Canada.

 

Key findings from Q2 2014 Backgrounder include:

  • A greater number of Canadian professional accountants in senior corporate positions are forecasting a jump in employee numbers as economic optimism holds steady, according to the latest CPA Canada Business Monitor (Q2 2014).
  • Almost half (48 per cent) of those surveyed are forecasting a growth in employee numbers at their companies in the year ahead, up from 43 per cent in the previous quarter. Thirty-nine per cent of the respondents predict no change, 12 per cent expect a drop and one per cent do not know.
  • There also are positive projections for revenues and profits. Seventy-three per cent of respondents expect their revenues to grow in the next year (identical to Q1) and 69 per cent (66 per cent in Q1) are forecasting an increase in profits. In addition, the majority of respondents continue to like the prospects of their own company over the next 12 months. Sixty-six per cent are optimistic compared with 62 per cent in the first quarter of 2014.

    Clearly, the findings offer hope for a strengthening Canadian economy,” says Kevin Dancey, FCPA, FCA, president and CEO, Chartered Professional Accountants of Canada (CPA Canada). “It is particularly encouraging to see economic optimism holding steady at an elevated level but it has only been for two quarters. It’s too early to determine if we are on a path to sustained economic recovery.
  • When it comes to challenges facing the Canadian economy, the survey respondents believe international markets pose the greatest threat. The state of the U.S. economy is viewed as the biggest challenge cited by 30 per cent of respondents. It is followed by the rest of the global economy referenced by 12 per cent of those surveyed.
  • Bank of Canada governor Stephen Poloz has been in the position for just over a year now. The majority of professional accountants surveyed (71 per cent) believe that Canadian business has become more comfortable with Poloz as governor since he assumed the post. Twenty-nine per cent of respondents feel Canadian business is less comfortable.

CPA Canada Business Monitor is brought to you by CPA Canada.

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Additional information

To arrange an interview with a CPA Canada spokesperson contact Tobin Lambie, Manager, Media

For further information on the CPA Canada Business Monitor contact Paul Long, Manager, Marketing and Market Research

CPA Canada Business Monitor is brought to you by:

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Chartered Professional Accountants/ Comptables professionnels agréés


Welcome to CPA Canada!

CPA Canada is the national organization established to support unification of the Canadian accounting profession under the Chartered Professional Accountant (CPA) designation. CPA Canada provides services to all CPA, CA, CMA and CGA accounting bodies that have unified or are committed to unification.

Our integrated CPA Canada website is currently in development and will launch in fall 2014. Until that time, all our existing resources, services and information are available through the CICA, CMA Canada and CGA-Canada legacy websites, or through newly developed microsites designed to provide specific CPA content.

Bienvenue à CPA Canada!

CPA Canada est l’organisation nationale établie pour soutenir l'unification de la profession comptable canadienne sous la bannière du titre de comptable professionnel agréé (CPA). CPA Canada fournit des services à toutes les organisations comptables de CPA, de CA, de CMA et de CGA qui se sont déjà unifiées ou qui sont engagées dans le processus d’unification.

Le nouveau site de CPA Canada est actuellement en développement et sera mis en ligne à l’automne 2014. Entre-temps, toutes nos ressources et tous nos services sont accessibles sur les sites d’origine de l’ICCA, de CMA Canada et de CGA-Canada, ou sur des microsites nouvellement créés afin de donner accès à du contenu spécifiquement CPA.