Canadian executives discuss the need for increased infrastructure spending and new sectors that will spur growth in the latest C-suite survey report
This quarter’s c-suite survey shows near consensus that our national economy is too dependent on too few industries and relies too much on Alberta. In the energy sector, renewable energy and natural gas are seen as industries that will increase in importance in the next decade, and are deserving of public support. While our current industrial mix will help economic growth, the C-suite wants less focus on resources and more investment in technology intensive sectors like pharma & biotech, clean tech, aerospace and ICT.
The executives also believe government is spending too little on infrastructure, and in particular should invest more in road networks and public transit. Executives whose businesses would benefit from public transit are the most supportive of more infrastructure investment - the case is so strong that a majority of executives are willing to see short-term deficit spending to fund infrastructure.
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