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Interest Rates, Capital Tax, Petro-Canada, Air Canada - Canada’s CEOs Applaud The Bank Of Canada’s Interest Rate Reduction, Consider The Tax On Capital As The Most Destructive Tax And Favour Its Abolition, Want The Federal Government Out Of Petro-Canada, Preferably In Stages, Applaud The Federal Government’s Tougher Competition-Related Monitoring Of Air Canada, But Are Divided About How Much Assistance To Give The Airline.
CIBC/Chamber Weekly CEO/Business Leader Poll by COMPAS in the Financial Post
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By an immense margin, CEOs and other business leaders in the Financial Post/COMPAS poll sponsored by CIBC and the Canadian Chamber of Commerce believe that the Bank of Canada was on the right track to lower rates by 60 basis points. An extraordinary 75% feel this way. Only 11% thought that the reduction was excessive while 9% thought it insufficient, as shown in table 1 below.
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