CPA Canada also revealed that the number of respondents highly or very concerned about the potential impact of the pandemic on the economy in 2022 increased from 21% in the third quarter of 2021 to 37% in the last quarter.
“For nearly two years now, the pandemic and its economic fallout have put Canadians and our economy on an unprecedented and challenging path,” said Charles-Antoine Saint-Jean, President and CEO of CPA Canada.
Survey respondents cited supply chain issues facing Canada’s economy (20%), the adverse effects of COVID-19 (18%), and rising inflation (15%), employee recruitment, retention and training (15%) as Identified the top five challenges facing the Canadian economy. %) and shortage of skilled workers (8%).
Accordingly, respondents want the federal government to increase immigration rates for people-demanding jobs (49%) and provide better support training to workers (47%) to help Canadian companies attract skilled workers. Increased compensation (67%), support for hybrid work arrangements (50%), and better opportunities for work-life balance (46%) are methods suggested by respondents to address recruitment and retention.
Poll participants also believe the environment deserves more attention. Of those, 63% agree that the federal government should focus on controlling climate change. Business leaders are also concerned about Canada’s federal financial situation, with 59% of respondents extremely or very concerned, a slight decline from 63% in the third quarter.