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| February 21, 2005 |
View / Download complete poll in PDF
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Personal Debt
BDO Dunwoody/Chamber Weekly CEO/Business Leader Poll by COMPAS in the Financial Post |
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| The CEOs and business leaders who form the weekly panel are increasingly concerned about the level of household debt, which they attribute to an instant gratification culture. Concern has jumped in the last year. Only a minority are reassured by the fact that so much debt is in the form of mortgages on real property. Respondents are clear in their remedies—drop taxes but don’t try experiments with how employees are paid or raise taxes to deter borrowing. In the event of a rise in interest rates, panelists tend to expect a softening of real estate prices in the form of either stabilization or even a decline. These are the key findings from this week’s survey of the COMPAS/FP business panel sponsored by BDO Dunwoody LLP and the Canadian Chamber of Commerce. |
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