SMEs to boost investments to $140.5 bln in 2018: BDC
A study by the Business Development Bank of Canada (BDC) has found that Canadian small and mid-sized enterprises (SMEs) plan to invest more this year. Inspired by higher-than-expected economic growth in 2017, SMEs intend to invest $140.5 billion in 2018, up 3 percent from a year ago. Much of the increase in planned investment is due to an enhanced focus on acquisitions, which will account for $18.9 billion in 2018, up 79 percent year over year. SMEs also plan to invest more on R&D and employee training, an area that seen consistent growth since 2015. The BDC study is based on a survey conducted late last year of 4,019 business owners.
16 January 2018•3 mins read
