Global economic recovery will not begin for 14 months, according to the CEOs and business leaders on the COMPAS business panel. Most panelists feel of course that the economy is in fair-to-poor shape at the present time but they give high marks to both the Bank of Canada and the Harper government for their handling of a difficult situation. A hypothetical Ignatieff-led Liberal government would do far less well in the current situation, they say.

As for exchange rates, panelists anticipate that the Canadian dollar will trade for $ 0.87 U.S. in a year.

These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine under sponsorship of BDO Dunwoody LLP.

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