The annual review of the federal budget from The Business Monitor finds that a majority of business leaders rate the 2024 budget poorly.
Key findings in this release:
- Almost two-thirds of Canadian business leaders rate the 2024 budget poorly
- This represents a significant jump from 2023
- Canadian business leaders were also following this budget more closely
The 2024 budget rates significantly worse than the 2023 budget.
The level of negative ratings for the federal budget have jumped from under a half to almost two-thirds of Canada’s business leaders.
The 2024 budget was followed more closely than last year's
The number of business leaders following the budget at least somewhat closely rose a full ten points from 73% last year to 83% in 2024.
Discussion
Canadian business leaders are clearly offside with the federal government’s most recent budget. The jump in negative reviews should be cause for significant concern in Ottawa.
The survey also examined the budget in detail. The reasons for business leaders’ consternation are tied to fiscal responsibility (or lack thereof), as will be revealed in next week’s release.
Methodology
The survey was conducted from May 1 to 8 using the Modus Business Panel – 100% recruited using random probability telephone sampling. Because the panel is built entirely using random probability sampling, it is valid to cite the margin of error for this survey. The survey is based on a representative sample of 600 Canadian organizations and has a margin of error of +/- 4.0% points, 95 times out of 100. The survey data is weighted by enterprise size and region according to the latest Statistics Canada data.
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