Canadian Manufacturers & Exporters

Canadian Manufacturers & Exporters

October 12, 2008 10:33 ET

CME: It's the Failure to Address the Economy...

Economic woes not addressed in campaign: CME CEO poll

OTTAWA, ONTARIO--(Marketwire - Oct. 12, 2008) - According to a poll of 613 CEOs commissioned by Canadian Manufacturers & Exporters this week, Canada's federal political parties get a failing grade in this election campaign for addressing the issue that is top of mind of all Canadians - the economy.

An overwhelming 93.3 per cent of the executives polled indicated that none of the parties have unveiled a sufficient plan to enable Canadian companies to survive and thrive. In addition, 81 per cent believe that our federal political leaders are not doing enough to address the uncertain and volatile economic conditions in Canada caused by the credit crunch south of the border.

"The time is now for economic leadership," says CME President, Jayson Myers. "It took the credit crisis in the US to vault the economy to the forefront of this election, but where are the concrete plans to lead Canada through these challenging times?"

And that must be the top priority for the next government. More than 98 per cent of the CEOs indicated that the first order of business must be to develop a plan of action to ensure Canada's economy weathers the storm. One month ago, controlling government spending was highlighted as the top government priority by CEOs.

And that doesn't come as a surprise to Myers.

"It's a very challenging and uncertain time for Canadian manufacturers and exporters and the Canadian economy," he adds. "This is creating a lot of unneeded volatility. We don't need the next government to reassure us everything will be okay - we need them to show us they are
taking action to safeguard our economy."

Canadian Manufacturers & Exporters (CME) is Canada's leading trade and industry association and the voice of manufacturing and global business in Canada.

The association directly represents more than 10,000 leading companies nationwide. More than 85% of CME's members are small and medium-sized enterprises. As Canada's leading business network, CME, through various initiatives including the establishment of the Canadian Manufacturing Coalition, touches more than 100,000 companies from coast to coast, engaged in manufacturing, global business and service-related industries.

CME's membership network accounts for an estimated 82% of total manufacturing production and 90% of Canada's exports.

Contact Information

  • Canadian Manufacturers & Exporters
    Jeff Brownlee
    613-238-8888 ext. 4233