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CAs SPLIT ON FUTURE
- Article from:
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CA Magazine
- Article date:
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June 1, 2008
- Author:
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Copyright informationCopyright CANADIAN INSTITUTE OF CHARTERED ACCOUNTANTS Jun/Jul 2008. Provided by ProQuest LLC. (Hide copyright information)
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Canadian executives are sharply divided in their outlook for the future, according to the QI 2008 CICA/RBC Business Monitor report.
About half the CAs in senior leadership positions (CFO, CEO, etc.) interviewed for the report said their companies' revenue would suffer during a downturn in the US economy, and therefore predicted a rough year ahead.
The other half of respondents, however, work for companies insulated from a US economic downturn and projected strong performance in the upcoming 12 months. On average these executives predicted year-over-year revenue growth of 5.3% and profit growth of 4.2%, with the number of employees projected to ...