Canadian business leaders embrace the notions of caution conveyed recently by Bank of Canada Governor David Dodge, who warned against the risks of over-spending given his expectation that lower interests would be adequate for re-igniting the economy. The overwhelming majority of business leaders and CEOs prefer a policy that is more cautious than that of the United States’ commitment to increased spending and reduced taxes (74%) while few advocate emulation (23%) and almost none favour greater spending increases and tax cuts than south of the border (see table 1).

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