CFO Signals™: 2015 Q2

Revenue growth expectations fell from 5.4% last quarter to 3.1% this quarter, and earnings growth expectations fell from 10.6% to 6.5%. Both metrics now sit at their lowest levels in the five-year history of this survey (on a country basis, expectations for both Canada and the US are at their survey lows). . . Salaries/wages are expected to rise 2.9% over the next year, with Financial Services highest at 3.6% and all other industries 2% or above. Nearly two-thirds of CFOs cite rising pay for highly-skilled staff. Just under half expect gains at managerial-levels, and 44% expect gains for lower-skilled staff. The US is highest for all levels.