Leaders Expect More Revenue

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    Three in five business leaders believe that they will see more revenue in 2013 than they did in 2012, says a survey of Canadian businesses by UPS Canada. The majority of business leaders (57 per cent) expect at least moderate growth in Canada’s economy in the coming year. “Canadian businesses have certainly been keeping a close eye on the pulse of the economy south of the border and globally. Yet, despite significant uncertainty, it is reassuring to see such a groundswell of optimism in Canadian business circles as we move into 2013,” says Nicolas Dorget, vice-president of UPS Canada. According to the survey, economic confidence increased substantially since the first quarter in 2012 when only 45 per cent of businesses felt they would see growth over the next quarter compared to 63 per cent at the end of 2012. This optimism has also fuelled strong projections as businesses put plans into place for 2013. More than one-third of businesses expect to increase growth by five to 10 per cent this year, while more than 20 per cent of businesses have ambitions to increase growth by more than 10 per cent.