65% optimistic of business growth
SASKATOON, SK, May 29, 2014 /CNW/ - Almost two thirds of Saskatoon
businesses polled indicated that they were "cautiously optimistic"
about business growth, according to a recent survey conducted by MNP
LLP and the Greater Saskatoon Chamber of Commerce. The survey also
found that more than 96 per cent of respondents intend to maintain or
grow their capital investment in the City over the next three years.
"The statistics clearly indicate that Saskatoon's business community is
on the rise," said Tanya Knight, CA, Regional Managing Partner of MNP
LLP in Saskatoon. "More than 80 per cent of respondents either 'agree'
or 'strongly agree' that Saskatoon's overall image is steadily
The survey, conducted between April 7 and April 28 of this year sampled
200 Saskatoon business leaders. Respondents included business owners,
CEOs, presidents, executive directors, and designated senior corporate
officers across all industry sectors.
Other survey findings include:
38 per cent of respondents increased the number of people they employ,
while 55 per cent maintained staff levels;
Almost a quarter (23.5 per cent) indicated that hiring/retaining good
staff was the "greatest challenge" facing their company;
61 per cent believed that the global economic situation had no effect on
Almost 65 per cent indicated that they expect their company to be
performing better 12 months from now.
"We thank MNP for helping our Chamber in its effort to better serve the
Saskatoon business community," said Tony Van Burgsteden, president
elect of the Greater Saskatoon Chamber of Commerce. "The survey is
valuable for our work today and will provide a great benchmark for the
The survey demonstrates the strong confidence of Saskatoon businesses, a
degree of satisfaction with government assistance and efforts, and
sound recognition of the Chamber of Commerce's efforts.
MNP is one of the largest accounting and business consulting firms in
Canada, providing client-focused accounting, taxation and consulting
advice. National in scope and local in focus, MNP has proudly served
individuals and public and private companies for more than 65 years.
Through the development of strong relationships, MNP provides
organizations with personalized strategies and a local perspective to
help them succeed. For more information, visit MNP.ca
SOURCE: MNP LLP
For further information:
Director, Media Relations