SMEs Plan To Invest In Businesses

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    A majority ‒ almost 60 per cent ‒ of Canadian small and medium-sized enterprises (SMEs) say they intend to invest in their businesses within the next 12 months, says a survey by the Business Development Bank of Canada (BDC). Entrepreneurs say they plan to invest in machinery and equipment, human resources, working capital for marketing, and information technologies to increase their productivity. They will also invest to create new products, develop new markets, and increase production capacity. “There is no better time to invest than now,” says Jean-René Halde, president and CEO of the BDC. “Success will belong to business savvy entrepreneurs who plan and invest in their businesses to make them more productive, innovative, and growth-oriented. More Canadian businesses need to take the initiative and invest in their growth.”