Mo Bundon
Senior Vice President & COO
Harvard Developments
Survey highlights
- Q4, 2018 saw a decline in the Executive Confidence Index of 19 points from the previous quarter.
- The rating dropped below the overall Index Average for the first time since Q3, 2016. However, at 2.13, the Index remains 13 points above the neutral mark of 2.0. This indicates that executives still remain optimistic about the economic outlook for the next year.
- Regina executive anticipate a steady economy over the next 12 months, despite the decrease in the Confidence Index.
- A few negative factors potentially influencing the confidence index rating include: the renegotiation of long-term international trade agreements, new market pressures from rail line and pipeline capacity as the price differential for oil remains a large challenge.
- Positive factors potentially influencing the rating include: announced federal funding of the Protein Industries Canada (PIC) supercluster, forecasted GRA GDP increase of 2.2% in 2019, expected employment increase of 1.1% in 2019.
