Forty-one per cent of CFOs across Canada do not plan on investing in their firms in the next 12 months, according to a Robert Half Management Resources poll.
Nineteen per cent of the 270 CFOs polled said resources are most likely to be allocated to new products and services, followed by information technology systems at 16%.
David King, Canadian district president of Robert Half, said “Given the cautious environment, companies that are not yet planning to invest may be taking a 'wait and see' approach before committing to specific initiatives.
“For those organizations that are investing, many are focusing their efforts to build competitiveness, drive efficiency and retain [clients] by funding the development of new products, services, and IT systems.”
Jennifer Harrison
Twitter: JHarrisonBIV