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| April 11, 2005 |
View / Download complete poll in PDF
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Oil and Energy
A BDO Dunwoody/Chamber Weekly CEO/Business Leader Poll by COMPAS in the Financial Post |
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| Canada’s business leaders are moderately concerned about the affect of increased oil prices on industry and the economy, but no more so than they were a year ago despite further crude oil price increases. The majority of Canadian CEO’s and business leaders say the oil situation today remains better than it was during the oil crisis in the mid to late 70’s. Adjusted for inflation, crude oil prices reached $80.93US in 1978-9 as opposed to $53.32US today . On balance, respondents to this business panel favour reducing taxes on the purchase of fuel efficient cars, investing in public transit, and cutting fuel taxes at the pumps as a means to diminish the economic impact of rising oil prices. This business panel is divided on Government subsidized oil exploration in Canada. Those who favour oil exploration say oil will remain central to the economy and increases in demand will make any investment profitable. Those who oppose Government support exploration argue there are more important Government spending priorities. These are the key findings from this week’s web-survey of Canadian CEO’s and business leaders for publication in the Financial Post under the sponsorship of BDO Dunwoody and the Canadian Chamber of Commerce. |
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