TORONTO, June 3, 2013 /CNW/ - A strong majority (74 per cent) of the
executives surveyed for the latest CPA Canada Business Monitor want new Bank of Canada governor Stephen Poloz to follow the same
policies as his predecessor.
Chartered professional accountants and chartered accountants holding
leadership positions were surveyed about the changing of the guard at
the Bank of Canada with Poloz taking over for Mark Carney.
"There often is a greater comfort level with something you are familiar
with versus the unknown," stressed Kevin Dancey, FCPA, FCA, president
and CEO, Chartered Professional Accountants of Canada (CPA Canada).
"Most of the executives surveyed are not looking for a shakeup."
For example, 84 per cent of the respondents believe that the bank should
continue to warn Canadians to reduce their debt levels.
When asked if the selection of Poloz as Bank of Canada governor is
positive for the economy, the majority of respondents (56 per cent)
were neutral or withholding judgment. Twenty per cent viewed the
selection as positive and just four per cent disagreed with the
statement. The rest did not know.
There is basically a three-way split among the respondents when asked if
the influence of Canada in the global economy will diminish with
Carney's departure: 32 per cent agreed, 30 per cent disagreed, 30 per
cent were neutral and the rest did not know.
The CPA Canada Business Monitor is issued quarterly, based on a survey commissioned by CPA Canada. The report draws upon business insights of
Canadian chartered professional accountants and chartered accountants
in leadership positions in privately and publicly held companies.
For the Q2 2013 study, emailed surveys were completed by 322 of 4,337
identified by CPA Canada as holding senior positions (CFOs, CEOs, COOs
and other senior executive roles). The response rate was 7.4 per cent,
with a margin of error associated with this type of study at ± 5.5 per
cent, with a confidence level of 95 per cent. The survey was conducted
by Harris/Decima Inc. from May 7 to May 29, 2013. A background
document is available online at www.cica.ca/businessmonitor.
About CPA Canada
CPA Canada is the national organization representing the Chartered
Professional Accountant (CPA) profession in Canada. The Canadian
Institute of Chartered Accountants (CICA) and The Society of Management
Accountants of Canada (CMA Canada) created the organization on January
1, 2013, to support unification of the Canadian accounting profession
under the CPA banner. CPA Canada is responsible for providing services
to CAs and CMAs on behalf of CICA and CMA Canada as well as to CPAs and
CGAs participating in the unification effort. CPAs will serve the
public interest across all sectors of the economy with integrity, sound
ethical practices, disciplined regulation and proven strategic
management and financial expertise. Accounting bodies representing
almost 90 per cent of Canada's professional accountants are committed
to unification or have already merged under the CPA banner.
SOURCE: CPA Canada
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For more information or to arrange an interview, contact:
Tobin Lambie, Principal, Media