Every quarter, we survey TEC Canada members who are CEOs, KEY Executives, and business owners of small-to-medium enterprises*. The results are then analyzed by Dr. Peter Andersen, the former assistant chief of the Bank of Canada’s research department.
*With employees primarily between 50 to 500 and annual revenue of between $1 million to $500 million.
TEC Canada members react fast to new opportunities, but high interest rates and stricter credit conditions are challenging for them. Small businesses face challenges in obtaining loans. As a result, they are more vulnerable to the risks associated with rising interest rates and tightening credit conditions. Our latest CEO survey shows how TEC Canada members are coping with these challenges.
Participation in the CEO survey is encouraging with over 400 responses, consistently at 25% for the past year. Such a large sample provides meaningful results. The survey ended on October 5th and reveals that TEC Canada members think business conditions are now tougher.
The TEC Canada CEO Confidence Index collects real-time pulse and sentiment data from Canadian business leaders. This CEO survey gives information about the economy, market, and sectors. It can show trends in employment, spending, sales, earnings, and profits in the country. By using this information, you will be more informed about projected changes in the economy and be equipped to make more informed decisions for your business’s future.