One quarter of Canadian CEOs surveyed are planning to engage in M&A, compared to the global average of just 12%
New York, NY (PRWEB) March 16, 2012
Big4.com Reviews PricewaterhouseCoopers PwC Report Indicating Canadian CEOs Are
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reviewed a report by PricewaterhouseCoopers PwC which shows that Canadian CEOs are quite optimistic on future industry factors which favors revenue expansion.
Canadian CEOs are more bullish on the future, compared with their G7 and US counterparts. This according to the 15th Annual Global CEO Survey conducted by PwC.
Several key findings include:
- 73% are confident in their ability to finance growth
- 71% of CEOs with operations in Western Europe expect growth in their operations in 2012, compared to just 36% of their global peers expressing the same sentiment
- 45% wish they could spend more time developing operations outside their home markets
The survey also finds that Canadian CEOs are still concerned about the global macroeconomic environment, with only 13% expressing optimism about the prospects for a global economic rebound. The threats of continued equity market and foreign exchange rate volatility and protectionism, in particular, were top of mind. A key finding is that a majority of Canadian chief executives (66%) anticipate that their companies will change strategic course in 2012.
One quarter of Canadian CEOs surveyed are planning to engage in M&A, compared to the global average of just 12%. Canadian CEOs also have a stronger appetite for joint ventures and/or strategic alliances than their developed world peers.
Canadian Deals leader Kristian Knibutat comments: “During 2011 we saw how Canadians stepped outside their comfort zone and onto the global stage. Canadian CEOs are not in a ‘wait and see’ mode — they are planning for more expansion outside of this country in 2012. Our CEOs were active in 10% of the total global M&A market last year, up from 7% at the 2007 market peak.”
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