Ontario’s former Liberal finance minister Greg Sorbara sounded a warning about the state of the finances of governments worldwide, the future of the global economy, and the ability of Canadian governments to provide services at the level to which Canadians have become accustomed. Sounding a note that might be considered to the right of the Harper government, Sorbara warned that the current quantity and quality of health services are unsustainable and called on governments to speak frankly to the public about financial limits on government services.

CEOs and business leaders on the COMPAS business panel embrace with vigour all of Sorbara’s warnings with a single exception. They are not agreed that taxes must rise.

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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