Biggest fears for CFOs
BIGGEST FEARS FOR CFOS
- Canadian CFOs have traditionally expressed higher net optimism than their U.S. counterparts, so this quarter’s findings mark a significant change from the past.
- Although sales growth expectations in Canada continue to outpace those in the United States and earnings growth expectations are roughly the same, Canadian CFOs are more muted when it comes to such things as dividend growth and capital investment.
- According to Deloitte’s Q1 CFO Signals™ survey, Canadian business concerns have largely shifted from the possibility of economic crisis or collapse to fears of further stagnation, leading to restrained expectations for sales and domestic hiring this year. Source: http://www.big4.com/deloitte/deloitte-survey-canadian-business-optimism-recovers-slightly/
- Canadian chief financial officers (CFOs) seem very optimistic about their futures – and what’s more, that optimism is translating into plans to spend more on IT, according to a new survey from American Express Canada.Source: http://www.itbusiness.ca/news/canadian-cfos-looking-to-spend-on-it-survey-says/49541
- Despite improved optimism, Canadian CFOs fear further economic stagnation with a nearly 10% decline in capital spending in 2013.Source: http://www2.deloitte.com/ca/en/pages/press-releases/articles/deloitte-survey-canadian-business-optimism-recovers-slightly.html
- According to survey results, 92% of respondents say greater concerns around risk management are expected to increase demands on the audit committee in the next 24 months, which will in turn translate into higher pressure on CFOs.
- 83% cited greater turmoil in the capital and debt markets as a factor.
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