BMO Survey: 91 Per Cent Of Franchise Owners See Growth Or Steadiness In Economy

Marketwire:

A survey by BMO Bank of Montreal released today found that an overwhelming majority (91 per cent) of Canadian franchisees are optimistic that the economy will grow or remain the same this year. The study also found that nine out of 10 expect their business will expand or remain steady this year.

“It’s encouraging to see the optimism among small business owners, including franchisees, in Canada,” said Steve Iskierski, Senior Manager, National Franchising Services, BMO Bank of Montreal. “Franchisees within both established and growing networks continue to benefit from their respective proven business models, which bodes well for this sector and reaffirms this positive outlook.”

The survey, conducted by Leger Marketing, also revealed that the top ways franchisees plan to take advantage of the strong loonie are to upgrade equipment (67 per cent) and expand operations (42 per cent).

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