Economic Confidence Climbs Among Chief Executives

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    Economic confidence among business leaders in Canada increased during the final quarter of 2016, says YPO, a social platform for chief executives. The ‘YPO Global Pulse Confidence Index for Canada’ rebounded in the fourth quarter, edging up 1.6 points to 58.4, following a 3.1-point drop in confidence in the third quarter. The marginal improvement in economic outlook follows stable economic conditions within Canada and gradual increases in commodity prices. Over the past six months, 39 per cent of Canadian chief executives believed that business and economic conditions had improved and 45 per cent said conditions had remained steady. Similarly, when looking ahead to the first half of 2017, 37 per cent of business leaders predicted a more favourable economic landscape, while 14 per cent expected conditions to get worse.