Canadian SMEs to invest $111 bln in growth this year: BDC
Despite current economic uncertainty, over three-quarters of Canadian small and mid-sized enterprises (SMEs) plan to invest in developing their business this year, a new report by the Business Development Bank of Canada (BDC) has found. According to a BDC survey of 4,000 entrepreneurs, SMEs plan to deploy $111 billion to development in 2016, which is comparable to what was invested last year. Investment strategies will focus primarily on growth and raising levels of productivity or efficiency. A minority of SMEs (10 percent) account for the lion's share of planned investments, the survey found.
28 January 2016•3 mins read
