Table of Contents

1a. Are you more or less optimistic about your country's economy compared to last quarter?	1
1b. Rate your optimism about your country's economy on a scale from 0-100, with 0 being the least optimistic and 100
being the most optimistic.	2
2a. Are you more or less optimistic about the financial prospects for your own company compared to last quarter?	3
2b. Rate your optimism about the financial prospects for your own company on a scale from 0-100, with 0 being the least
optimistic and 100 being the most optimistic.	4
3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months?
[Unweighted - Winsorized]	5
3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months
for:   [Unweighted - Sorted]	6
3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months?
[All Companies - Winsorized - Revenue Weighted - Sorted]	7
3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months?
[All Companies - Winsorized - Employee Weighted - Sorted]	8
3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months?
[Public Companies - Winsorized - Revenue Weighted]	9
4. Compared to a "normal" economic environment, have the following factors affected your capital spending this year or
next year?	10
4. How have the following factors affected your capital spending THIS year? (sorted)	12
4. How have the following factors affected your capital spending plans for NEXT year? (sorted)	13
5. Considering the normal aging of your assets and your rate of investment in new assets, by about how much has the age
of your fixed assets changed relative to five years ago?	14
5b. Is the aging of your fixed assets a drag on your productivity growth?	15
6. Going forward, is the nature of your business changing in a way that affects your firm's required amount of capital
investment?	16
6b. Why will you require LESS capital investment?	17
6c. Why will you require MORE capital investment?	18
7. For firms in your industry, do you believe increased payouts (dividends, repurchases) are constraining corporate
investment?	19
8. By how much do you expect the value of your currency relative to the USD to change over the next 12 months? (e.g., -
15%, +10%)	20
9a. Is your firm's rate of productivity growth changing?	21
9b. Have the following factors affected the productivity growth rate at your company?	22
Return on assets (ROA=operating earnings/assets)	24
Manufacturing capacity utilized	25
Manufacturing capacity utilized (Revenue Weighted)	26
Industry	27
Sales Revenue	29
Weighted Sales Revenue (Millions)	30
Number of Employees	31
Weighted Number of Employees	32
Where are you personally located?	33
Ownership	35
Foreign Sales	36
In what region of the world are most of your foreign sales?	37
Your job title (e.g., CFO, Asst. Treasurer, etc):	38

 1 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

1a. Are you more or less optimistic about your country's economy compared to last quarter?

	 	Number	Percent	95% CI
	1=More optimistic	10	27.8 %	± 15.4 %
	0=No change	11	30.6 %	± 15.8 %
	-1=Less optimistic	15	41.7 %	± 16.9 %
	Total	36	100.0 %

	Mean = -0.14
	SD = 0.83

	Missing Cases = 0
	Response Percent = 100.0 %

2 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

1b. Rate your optimism about your country's economy on a scale from 0-100, with 0 being the least optimistic and 100 being the most optimistic.

	Minimum = 30

	Maximum = 80

	Mean = 59.3

	Median = 65

	Standard Deviation (Unbiased Estimate) = 14.4

	95 Percent Confidence Interval Around The Mean = 54.3 - 64.2

4 Groups

	 1 = 47.5
	 2 = 65
	 3 = 70

Valid Cases =33
Missing Cases =3
Response Percent = 91.7%

3 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

2a. Are you more or less optimistic about the financial prospects for your own company compared to last quarter?

	 	Number	Percent	95% CI
	1=More optimistic	14	38.9 %	± 16.8 %
	0=No change	10	27.8 %	± 15.4 %
	-1=Less optimistic	12	33.3 %	± 16.2 %
	Total	36	100.0 %

	Mean = 0.06
	SD = 0.86

	Missing Cases = 0
	Response Percent = 100.0 %

4 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

2b. Rate your optimism about the financial prospects for your own company on a scale from 0-100, with 0 being the least optimistic and 100 being the most optimistic.

	Minimum = 25

	Maximum = 100

	Mean = 69.2

	Median = 70

	Standard Deviation (Unbiased Estimate) = 19.9

	95 Percent Confidence Interval Around The Mean = 62.5 - 76.0

4 Groups

	 1 = 55
	 2 = 70
	 3 = 85

Valid Cases =33
Missing Cases =3
Response Percent = 91.7%

5 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months?   [Unweighted - Winsorized] 

	Mean	SD	95% CI	Median	Minimum	Maximum	Total

Earnings	14.82	25.83	5.25 - 24.38	6.50	-25	72.28	26

Revenue	8.22	13.12	3.60 - 12.84	6	-20.50	36.20	28

Number of domestic full-time employees	7.05	15.67	1.44 - 12.66	2.50	-28.30	46.43	30

Wages/Salaries	4.74	9.98	1.23 - 8.25	2	-7	35.83	27

Capital spending	2.88	30.25	-8.75 - 14.51	1	-54.90	65.85	31

Prices of your products	1.18	4.50	-0.52 - 2.88	0	-8.56	10.53	31

6 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months for:   [Unweighted - Sorted]

(N=36)

	Mean & SD	Positive	Zero	Negative
	  	1	0	-1	
	0.58	24	1	6
Revenue	0.81	77.4%	3.2%	19.4%

	0.55	20	8	3
Wages/Salaries	0.68	64.5%	25.8%	9.7%

	0.50	20	2	6
Earnings	0.84	71.4%	7.1%	21.4%

	0.43	18	7	5
Number of domestic full-time employees	0.77	60.0%	23.3%	16.7%

	0.37	13	11	3
Prices of your products	0.69	48.1%	40.7%	11.1%

	0.19	13	5	8
Capital spending	0.90	50.0%	19.2%	30.8%

7 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months?  [All Companies - Winsorized - Revenue Weighted - Sorted] 

	Mean	SD	95% CI	Median	Minimum	Maximum	Total

Revenue	8.17	8.01	5.00 - 11.34	10	-20.50	36.20	13

Earnings	8.17	13.44	2.76 - 13.58	8	-25	72.28	24

Capital spending	3.65	21.74	-5.18 - 12.49	10	-54.90	65.85	25

Prices of your products	1.04	3.51	-0.86 - 2.94	0	-8.56	10.53	23

8 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months?  [All Companies - Winsorized - Employee Weighted - Sorted]

	Mean	SD	95% CI	Median	Minimum	Maximum	Total

Number of domestic full-time employees	4.31	13.17	-0.35 - 8.96	1	-28.30	46.43	31

Wages/Salaries	3.44	7.96	0.67 - 6.21	2	-7	35.83	32

9 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months?  [Public Companies - Winsorized - Revenue Weighted] 

	Mean	SD	95% CI	Median	Minimum	Maximum

Revenue	8.72	5.13	5.94 - 11.50	10	-20.50	15

Earnings	7.50	4.53	5.01 - 9.99	8	-20	10

10 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

4. Compared to a "normal" economic environment, have the following factors affected your capital spending this year or next year?

(N=36)

	Mean & SD	Up	No Effect	Down
	  	+1	0	-1	
	-0.03	4	21	5
Currency valuation (2015 actual)	0.56	13.3%	70.0%	16.7%

	-0.07	4	19	6
Currency valuation (2016 planned)	0.59	13.8%	65.5%	20.7%

 	 	 	 	 

	0.07	3	26	1
Interest rates (2015 actual)	0.37	10.0%	86.7%	3.3%

	0.10	4	25	1
Interest rates (2016 planned)	0.40	13.3%	83.3%	3.3%

 	 	 	 	 

	-0.11	0	25	3
Slowdown in China (2015 actual)	0.31	0.0%	89.3%	10.7%

	-0.14	0	25	4
Slowdown in China (2016 planned)	0.35	0.0%	86.2%	13.8%

 	 	 	 	 

Economic/political changes in Latin	-0.04	0	27	1
America (2015 actual)	0.19	0.0%	96.4%	3.6%

Economic/political changes in Latin	0.00	0	28	0
America (2016 planned)	0.00	0.0%	100.0%	0.0%

 	 	 	 	 

New or anticipated regulatory	0.00	4	23	4
requirements (2015 actual)	0.52	12.9%	74.2%	12.9%

New or anticipated regulatory	-0.03	3	24	4
requirements (2016 planned)	0.48	9.7%	77.4%	12.9%

 	 	 	 	 

	-0.10	2	24	5
Price of fuel (2015 actual)	0.47	6.5%	77.4%	16.1%

	-0.10	1	26	4
Price of fuel (2016 planned)	0.40	3.2%	83.9%	12.9%

11 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

4. Compared to a "normal" economic environment, have the following factors affected your capital spending this year or next year?

	Mean & SD	Up	No Effect	Down
	  	+1	0	-1	

	0.03	2	26	1
Dividends/share repurchases (2015 actual)	0.33	6.9%	89.7%	3.4%

Dividends/share repurchases (2016	0.07	2	27	0
planned)	0.26	6.9%	93.1%	0.0%

 	 	 	 	 

	-0.33	0	2	1
Other: (2015 actual)	0.58	0.0%	66.7%	33.3%

	-0.14	0	6	1
Other: (2016 planned)	0.38	0.0%	85.7%	14.3%

12 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

4. How have the following factors affected your capital spending THIS year? (sorted)

(N=36)

	Mean & SD	Up	No Effect	Down
	  	+1	0	-1	
	0.07	3	26	1
Interest rates	0.37	10.0%	86.7%	3.3%

	0.03	2	26	1
Dividends/share repurchases	0.33	6.9%	89.7%	3.4%

New or anticipated regulatory	0.00	4	23	4
requirements	0.52	12.9%	74.2%	12.9%

	-0.03	4	21	5
Currency valuation	0.56	13.3%	70.0%	16.7%

Economic/political changes in Latin	-0.04	0	27	1
America	0.19	0.0%	96.4%	3.6%

	-0.10	2	24	5
Price of fuel	0.47	6.5%	77.4%	16.1%

	-0.11	0	25	3
Slowdown in China	0.31	0.0%	89.3%	10.7%

	-0.33	0	2	1
Other:	0.58	0.0%	66.7%	33.3%

13 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

4. How have the following factors affected your capital spending plans for NEXT year? (sorted)

(N=36)

	Mean & SD	Up	No Effect	Down
	  	+1	0	-1	
	0.10	4	25	1
Interest rates	0.40	13.3%	83.3%	3.3%

	0.07	2	27	0
Dividends/share repurchases	0.26	6.9%	93.1%	0.0%

Economic/political changes in Latin	0.00	0	28	0
America	0.00	0.0%	100.0%	0.0%

New or anticipated regulatory	-0.03	3	24	4
requirements	0.48	9.7%	77.4%	12.9%

	-0.07	4	19	6
Currency valuation	0.59	13.8%	65.5%	20.7%

	-0.10	1	26	4
Price of fuel	0.40	3.2%	83.9%	12.9%

	-0.14	0	25	4
Slowdown in China	0.35	0.0%	86.2%	13.8%

	-0.14	0	6	1
Other:	0.38	0.0%	85.7%	14.3%

14 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

5. Considering the normal aging of your assets and your rate of investment in new assets, by about how much has the age of your fixed assets changed relative to five years ago?

	 	Number	Percent	95% CI
	+2=Large increase in age	2	5.9 %	± 7.9 %
	+1=Moderate increase in age	20	58.8 %	± 17.1 %
	0=No change	4	11.8 %	± 10.8 %
	-1=Moderate decrease in age	7	20.6 %	± 13.6 %
	-2=Large decrease in age	1	2.9 %	± 5.7 %
	Total	34	100.0 %

	Mean = 0.44
	SD = 0.99

	Missing Cases = 2
	Response Percent = 94.4 %

15 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

5b. Is the aging of your fixed assets a drag on your productivity growth?

	 	Number	Percent	95% CI
	No	14	73.7 %	± 22.1 %
	Yes	5	26.3 %	± 19.2 %
	Total	19	100.0 %

	Missing Cases = 3
	Response Percent = 86.4 %

16 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

6. Going forward, is the nature of your business changing in a way that affects your firm's required amount of capital investment?

	 	Number	Percent	95% CI
	-2=Much less capital investment will be required	1	3.0 %	± 5.7 %
	-1=Moderately less	3	9.1 %	± 9.5 %
	0=No change	12	36.4 %	± 16.2 %
	+1=Moderately more	12	36.4 %	± 16.2 %
	+2=Much more capital investment will be required	5	15.2 %	± 11.9 %
	Total	33	100.0 %

	Mean = 0.52
	SD = 0.97

	Missing Cases = 3
	Response Percent = 91.7 %

17 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

6b. Why will you require LESS capital investment?

Bank/Fin/Insur/Real Est	equipment lasts longer	
Tech [Soft/Hard/Bio]	Able to finance thru operations	

18 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

6c. Why will you require MORE capital investment?

Bank/Fin/Insur/Real Est	To stay competitive from a technology perspective and to be able to bring to	
	market cutting edge banking products and services.	
Bank/Fin/Insur/Real Est	Growth in Asset Value under Management	
Energy	Industry consolidation and required major maintenance	
Manufacturing	Entering more challenging markets requiring advanced equipment	
Manufacturing	Enhance productivity or extend existing capabilities to service the market	
Manufacturing	sales volume / product mix	
Manufacturing	Category Expansion	
Manufacturing	transition to next gen oil pumps require extensive new investments	
Other	Capital to drive growth opportunities	
Other	WE are trying to reduce the infrastructure deficit	
Retail/Wholesale	Competition	
Services, Consulting	high growth projections	
Tech [Soft/Hard/Bio]	Moving to a new product line	
Transp, Public Util	Business Growth	
Transp, Public Util	IT spending with The Internet of Things and social media communications	
Transp, Public Util	$CAD valuation	

19 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

7. For firms in your industry, do you believe increased payouts (dividends, repurchases) are constraining corporate investment?

	 	Number	Percent	95% CI
	2=Yes, a lot	0	0.0 %	± 0.0 %
	1=Yes, a little	4	17.4 %	± 11.0 %
	0=No	19	82.6 %	± 17.5 %
	Total	23	100.0 %

	Mean = 0.17
	SD = 0.39

	Missing Cases = 13
	Response Percent = 63.9 %

20 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

8. By how much do you expect the value of your currency relative to the USD to change over the next 12 months? (e.g., -15%, +10%)

	Minimum = -15

	Maximum = 10

	Mean = -0.30

	Median = 0

	Standard Deviation (Unbiased Estimate) = 6.25

	95 Percent Confidence Interval Around The Mean = -2.35 - 1.74

	99 Percent Confidence Interval Around The Mean = -2.99 - 2.38

Quartiles

	 1 = -5
	 2 = 0
	 3 = 5

Valid Cases =31
Missing Cases =0
Response Percent = 100.0%

21 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

9a. Is your firm's rate of productivity growth changing?

	 	Number	Percent	95% CI
	-2=Slowing a lot	0	0.0 %	± 0.0 %
	-1=Slowing moderately	4	11.4 %	± 10.8 %
	0=No change	12	34.3 %	± 16.2 %
	+1=Accelerating moderately	18	51.4 %	± 17.2 %
	+2=Accelerating a lot	1	2.9 %	± 5.7 %
	Total	35	100.0 %

	Mean = 0.46
	SD = 0.74

	Missing Cases = 1
	Response Percent = 97.2 %

22 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

9b. Have the following factors affected the productivity growth rate at your company?

(N=24)

		Very				Very
	Mean & SD	positive	Positive	No impact	Negative	negative
	  	1	2	3	4	5	
	2.08	3	16	5	0	0
Automation and technology use	0.58	12.5%	66.7%	20.8%	0.0%	0.0%

	2.13	5	12	6	1	0
Process change	0.80	20.8%	50.0%	25.0%	4.2%	0.0%

	2.67	1	9	12	1	1
New business model	0.82	4.2%	37.5%	50.0%	4.2%	4.2%

	3.04	2	2	14	5	1
Currency valuation	0.91	8.3%	8.3%	58.3%	20.8%	4.2%

	3.21	0	6	7	11	0
Economic conditions	0.83	0.0%	25.0%	29.2%	45.8%	0.0%

Business disruption from external events
(e.g., bad weather, political turmoil,	3.22	0	0	18	5	0
supply chain interruptions)	0.42	0.0%	0.0%	78.3%	21.7%	0.0%

	3.30	0	1	15	6	1
Unit labor costs	0.63	0.0%	4.3%	65.2%	26.1%	4.3%

	3.52	0	2	10	8	3
Regulation	0.85	0.0%	8.7%	43.5%	34.8%	13.0%

	3.33	0	0	2	1	0
Other:	0.58	0.0%	0.0%	66.7%	33.3%	0.0%

23 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

9b. Have the following factors affected the productivity growth rate at your company? - Other specified

--- No Response ---

24 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Return on assets (ROA=operating earnings/assets)

	Mean	SD	95% CI	Median	Minimum	Maximum	Total

% Approximate ROA in 2014	11.61	19.16	4.87 - 18.36	10	-25	90	31

% Expected ROA in 2015	11.09	19.58	4.20 - 17.99	6	-25	90	31

25 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Manufacturing capacity utilized

	Mean	SD	95% CI	Median	Minimum	Maximum	Total

% of capacity utilized in first half of 2015	70.83	10.68	62.28 - 79.38	70	60	85	6

% of capacity utilization planned for the remainder of
2015	79.17	12.01	69.56 - 88.77	82.50	60	90	6

26 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Manufacturing capacity utilized (Revenue Weighted)

	Mean	SD	95% CI	Median	Minimum	Maximum	Total

% of capacity utilized in first half of 2015	71.53	10.77	57.20 - 85.86	70	60	85	2

% of capacity utilization planned for the remainder of
2015	71.85	17.23	48.91 - 94.79	75	60	90	2

27 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Industry

	 	Number	Percent	95% CI
	Banking/Finance/Insurance/Real Estate	10	27.8 %	± 15.4 %
	Manufacturing	7	19.4 %	± 13.6 %
	Transportation & Public Utilities	3	8.3 %	± 9.5 %
	Services, Consulting	3	8.3 %	± 9.5 %
	Technology [Software/Hardware/Biotech]	3	8.3 %	± 9.5 %
	Retail/Wholesale	2	5.6 %	± 7.9 %
	Energy	2	5.6 %	± 7.9 %
	Mining/Construction	1	2.8 %	± 5.7 %
	Communication/Media	1	2.8 %	± 5.7 %
	Public Administration	1	2.8 %	± 5.7 %
	Agriculture, Forestry, & Fishing	0	0.0 %	± 0.0 %
	Healthcare/Pharmaceutical	0	0.0 %	± 0.0 %
	Other Industry	3	8.3 %	± 9.5 %
	Total	36	100.0 %

	Missing Cases = 0
	Response Percent = 100.0 %

28 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Industry (Other specified)

--- No Response ---

29 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Sales Revenue

	 	Number	Percent	95% CI
	Less than $25 million	15	41.7 %	± 16.9 %
	$25-$99 million	10	27.8 %	± 15.4 %
	$100-$499 million	7	19.4 %	± 13.6 %
	$500-$999 million	1	2.8 %	± 5.7 %
	$1-$4.9 billion	1	2.8 %	± 5.7 %
	$5-$9.9 billion	0	0.0 %	± 0.0 %
	More than $10 billion	2	5.6 %	± 7.9 %
	Total	36	100.0 %

	Missing Cases = 0
	Response Percent = 100.0 %

30 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Weighted Sales Revenue (Millions)

	Minimum = 25

	Maximum = 11000

	Mean = 801.25

	Median = 62

	Variance (Unbiased Estimate) = 6546521.68

	Standard Deviation (Unbiased Estimate) = 2558.62

	Standard Error Of The Mean  = 426.44

	95 Percent Confidence Interval Around The Mean = -34.56 - 1637.06

	99 Percent Confidence Interval Around The Mean = -296.82 - 1899.32

	Skewness = 3.67

	Kolmogorov-Smirnov Statistic For Normality = 11.63

Quartiles

	 1 = 25
	 2 = 62
	 3 = 300

Valid Cases =36
Missing Cases =0
Response Percent = 100.0%

31 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Number of Employees

	 	Number	Percent	95% CI
	Fewer than 100	16	51.6 %	± 17.2 %
	100-499	11	35.5 %	± 15.9 %
	500-999	0	0.0 %	± 0.0 %
	1,000-2,499	2	6.5 %	± 7.9 %
	2,500-4,999	0	0.0 %	± 0.0 %
	5,000-9,999	1	3.2 %	± 5.7 %
	Over 10,000	1	3.2 %	± 5.7 %
	Total	31	100.0 %

	Missing Cases = 5
	Response Percent = 86.1 %

32 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Weighted Number of Employees

	Minimum = 100

	Maximum = 12000

	Mean = 900.00

	Median = 100

	Variance (Unbiased Estimate) = 6080500.00

	Standard Deviation (Unbiased Estimate) = 2465.87

	Standard Error Of The Mean  = 442.88

	95 Percent Confidence Interval Around The Mean = 31.95 - 1768.05

	99 Percent Confidence Interval Around The Mean = -240.42 - 2040.42

	Skewness = 3.72

	Kolmogorov-Smirnov Statistic For Normality = 10.68

Quartiles

	 1 = 100
	 2 = 100
	 3 = 300

Valid Cases =31
Missing Cases =5
Response Percent = 86.1%

33 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Where are you personally located?

	 	Number	Percent	95% CI
	Canada	36	100.0 %	± 0.0 %
	Mountain U.S.	0	0.0 %	± 0.0 %
	Midwest U.S.	0	0.0 %	± 0.0 %
	South Central U.S.	0	0.0 %	± 0.0 %
	South Atlantic U.S.	0	0.0 %	± 0.0 %
	Pacific US	0	0.0 %	± 0.0 %
	Northeast U.S.	0	0.0 %	± 0.0 %
	Latin America	0	0.0 %	± 0.0 %
	Europe	0	0.0 %	± 0.0 %
	Asia	0	0.0 %	± 0.0 %
	Africa	0	0.0 %	± 0.0 %
	Other	0	0.0 %	± 0.0 %
	Total	36	100.0 %

	Missing Cases = 0
	Response Percent = 100.0 %

34 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Headquarters Canada (Other Specified)

--- No Response ---

35 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Ownership

	 	Number	Percent	95% CI
	Private	22	66.7 %	± 16.8 %
	Public, NYSE	6	18.2 %	± 12.8 %
	Government	4	12.1 %	± 10.8 %
	Nonprofit	1	3.0 %	± 5.7 %
	Public, NASDAQ/AMEX	0	0.0 %	± 0.0 %
	Total	33	100.0 %

	Missing Cases = 3
	Response Percent = 91.7 %

36 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Foreign Sales

	 	Number	Percent	95% CI
	0%	13	37.1 %	± 16.5 %
	1-24%	13	37.1 %	± 16.5 %
	25-50%	1	2.9 %	± 5.7 %
	More than 50%	8	22.9 %	± 14.3 %
	Total	35	100.0 %

	Missing Cases = 1
	Response Percent = 97.2 %

37 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

In what region of the world are most of your foreign sales?

	 	Number	Percent	95% CI
	US/Canada	20	90.9 %	± 13.1 %
	Asia/Pacific Basin	1	4.5 %	± 9.5 %
	Europe	1	4.5 %	± 9.5 %
	Latin America	0	0.0 %	± 0.0 %
	Africa	0	0.0 %	± 0.0 %
	Total	22	100.0 %

	Missing Cases = 0
	Response Percent = 100.0 %

38 

Duke, Global Business Outlook survey - Canada - Fourth Quarter, 2015

Your job title (e.g., CFO, Asst. Treasurer, etc):

	 	Number	Percent
	CFO	13	36.1 %
	Treasurer	2	5.6 %
	Controller	2	5.6 %
	VP Finance	2	5.6 %
	presideny	1	2.8 %
	VP & Controller	1	2.8 %
	President and CEO	1	2.8 %
	Portfolio Manager	1	2.8 %
	director, fp&a	1	2.8 %
	proprietor	1	2.8 %
	Senior Director	1	2.8 %
	President/owner	1	2.8 %
	CEO	1	2.8 %
	Owner	1	2.8 %
	Manager, Business Process & Analysis	1	2.8 %
	Chief Operating Officer	1	2.8 %
	EVP/CFO	1	2.8 %
	Director, Finance	1	2.8 %
	DIRECTOR	1	2.8 %
	VP Business Development	1	2.8 %
	Director, Consulting Engineering	1	2.8 %
	Total	36	100.0 %

	Missing Cases = 0
	Response Percent = 100.0 %