The Bank of Canada continues to elicit enormous confidence from the CEOs and business leaders on the COMPAS business panel. Over the years, no institution has earned as much consistently high confidence from the panel as Canada’s central bank.

Panelists were asked to assess this week’s rate decision and the Bank’s overall performance. Key findings with respect to these and related themes are:

• An overwhelming majority believe that the rate decision is the right one;
  
• The performance score given the Bank for this decision is at least as high as any of the other performance scores given the Bank, all of which have
• been very high;
  
• The Bank earns a very high score for its performance over the past six months, at least as high as the very high scores that it has earned in the past;
  
• The Canadian dollar will be in the mid-90’s until the end of 2011, when it is expected to fall to U.S. $ 0.89; and
  
• In the judgment of the panel, the loonie’s ideal value is U.S. $ 0.85.

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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