BoC’s Poloz should maintain status quo: Poll

The majority (74%) of Canadian executives want new Bank of Canada governor Stephen Poloz to maintain the status quo, finds the latest CPA Canada Business Monitor.

Read: Stephen Poloz to replace Mark Carney

The survey is issued quarterly, drawing upon the business insights of chartered professional accountants in both privately and publicly held companies.

Like the rest of Canada, “most of the executives surveyed are not looking for a shakeup,” says Kevin Dancey, president and CEO of Chartered Professional Accountants of Canada.

For example, 84% of respondents said the bank should continue to warn Canadians about their debt levels.

Read: Too many Boomers retire with debt

When asked if the selection of Poloz as Bank of Canada governor is positive for the economy, more than half (56%) of those polled were neutral. Only 20% viewed the selection as positive, with approximately 4% disagreeing he was the best choice.

The respondents were evenly split when asked if Canada’s global influence will decrease following Carney’s departure.

Read: Expect low rates for the next decade: C.D. Howe

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.