Canadian CEOs said territorialism and climate risks top the list of business constraintsClick image to enlargeCanadian CEOs are more optimistic about the future than their global counterparts, finds KPMG's latest Global CEO Outlook.

The report says 12 per cent of Canadian CEOs are significantly or moderately less confident than in January, compared to 29 per cent globally. Further, 40 per cent remain as confident as they did pre-pandemic, versus 26 per cent of global CEOs.

Across the board, Canadian CEOs felt much or moderately more confident in the three-year growth prospects for their country (48 per cent vs. 45 per cent globally), their industry (56 per cent vs. 55 per cent globally), and their company (84 per cent vs. 67 per cent globally).

"The actions taken in Canada to flatten the COVID-19 curve and keep cases fairly subdued means that CEOs here feel more assured than their global peers that our national economy will not collapse, with only 12 per cent feeling the economy is in a worse position today than it was pre-COVID," says Stephanie Terrill, business unit leader, management consulting, KPMG in Canada.

"Canadian CEOs also feel more bullish about the prospects of their own firms and are accelerating their investments in digital technologies, reflecting the need to find new ways of working and problem solving going forward," she said.

Canadian CEOs said territorialism and climate risks top the list of business constraints, with emerging technologies, talent risk, and cyberattacks rounding out the top threats to growth.

Three quarters (76 per cent) of Canadian CEOs agree that investing in disruptive technologies, such as artificial intelligence and automation, is critical to achieve long-term sustainable growth—compared to 72 per cent globally—the vast majority (92 per cent) say COVID-19 has accelerated the digitization of their operations.

Gene Haas Foundation gives US$40K scholarship grant to NAIT

The Northern Alberta Institute of Technology (NAIT) has received a US$40,000 (CDN$49,797) scholarship grant cheque from the Gene Haas Foundation.

Quebec firm acquires machine shop business JLM Usinage

Mundial Group, St. Lambert-de-Lauzon, QC, has aquired JLM Usinage Inc., of St. Augustin-de-Desmaures, QC, a machine shop specializing in pharmaceutical, medical, scientific, optical, electronics, food and industrial sectors.


In the latest issue of Shop Metalworking Technology, three industry experts offer insight on our brave new manufacturing world.

Welding camp for kids

There might have been some apprehension when the summer camp students first walked into the welding shop in St. Joseph High School in Edmonton, Alberta, but in short order, excitement soon took over and their attention was completely focused on all the arcs and sparks, while their imaginations ran wild with all of the possibilities of turning metal into something cool.

Elliott Matsuura to sell Excetek EDMs in Canada

Elliott Matsuura Canada Inc. has signed a distribution agreement with Excetek Technologies Co. Ltd., to suppy sinker, drill and large wire EDM machines in Canada.

New $33.4M terminal planned for Trois-Rivières

The federal government is investing $33.4 million to build a new multipurpose terminal west of the Port of Trois-Rivières' existing infrastructure.

LVD opens new "Experience Centre"


LVD Group wants to connect its customers to leading edge, advanced fabricating technologies and it plans to do that via its new "Experience Centre (XP)" that recently opened in Belgium, global corporate headquarters for the company.

EMEC signs distribution deal with Milltronics

Mississauga, Ont.-based EMEC Machine Tools, Inc., has signed an exclusive deal to distribute, service and support Milltronics Machine Tools in Ontario, Manitoba and Quebec. 

Manufacturing slump Continued into 2020: IHS Markit

The latest numbers from the IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) indicate the Canadian manufacturing sector had little in reserve when the coronavirus pandemic brought a halt to the global economy. 

Nexwave Machinery distributor lands Bystronic exclusive

Nexwave Machinery has signed a deal to become the exclusive Eastern Canadian distributor for Bystronic's cutting and bending equipment.

$1.7 M+ for manufacturing innovation in Quebec

The Federal government, via the Canada Economic Development for the Quebec Regions (CED), is investing more than $1.7 million in five Quebec manufacturing companies.

Celebrate SteelDay in Canada

On September 16, steel product manufacturers will be able to celebrate what they do by opening their doors to the public. SteelDay is an interactive and networking event created by The Canadian Institute of Steel Construction.

Renishaw to collaborate on 3D aerospace parts

Renishaw's Spanish subsidiary Renishaw Ibérica, S.A.U. is working with a unique selection of other Spanish engineering companies and research centres in a ground-breaking project which could change the way aerospace turbines are manufactured forever.

Iscar announces management reorganization

Iscar Canada has reorganized its management team.

World's largest welding machine at Pratt & Whitney

Pratt & Whitney's Middletown, IN, facility now has what is being called the "world's largest capacity linear friction welding machine." The machine was delivered in early May and installation is expected to be completed in September.

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