Business and commercial: Survey shows worry over economic climate

Canadians are an optimistic lot for the most part, so when they begin to complain about certain situations, there must be some basis in fact. There have been some pessimistic rumblings lately regarding the business and commercial world in Canada. In fact, a survey by the Chartered Professional Accountants of Canada (CPA Canada) showed that 35 per cent of accountants who responded to the survey felt an increased negativity when it came to the national economy.

About 26 per cent stated that they're optimistic about the future of business and the overall economic climate in the country. That, though, is a sharp drop from 48 per cent in the fourth quarter of 2017. And 39 percent of those who answered the survey indicated they are neither optimistic nor pessimistic about business prospects in 2019

CPA Canada believes that survey results indicate the nation's leaders of business are indeed worried about the future of the economy and how it might impact business overall. More than 75 per cent of respondents indicated the federal government should take steps to balance the budget in its next budgetary meetings prior to the October federal election. They also want the government to review Canada's federal taxation system.

There are many factors that affect business and commercial dealings in Canada. Any business transactions can affect the bottom line of any company, so having a lawyer's input may save a client from making unwise decisions. A lawyer will review any potential contracts or possible transactions to assist his or her client in making the most prudent choices for his or her business.

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