1. A CANADIAN PERSPECTIVE
SMPs: Adapting to the economic turbulence and
laying foundations for sustainable growth

2. RECESSION’S IMPACT SMEs/SMPs weathered storm effectively
Largely unaffected by credit crunch
More optimistic than players in other countries

3. CANADA’S RESILIENCE Strong banking system
Tighter financial regulations
Cautious and risk-averse banking culture
Lending practices largely unchanged

4. SME/SMP OPTIMISM Turned to accountants for advice
Relative strength of Canadian consumer
CIBC Word Markets study – Canadian consumer to outpace all G7 consumer sectors

5. CANADIAN BUSINESS ENVIRONMENT
Economy extremely regionalized
Some regions highly resource-based; others rely heavily on manufacturing
Result = recession affected regions differently

6. FUTURE FOR SMPs Growth areas: - Succession
- Estate planning
- Restructuring
Success = providing strategic advice
Being proactive essential

7. SMPs AND THE RECOVERY Protect independence and integrity
Provide staff with new knowledge and training
Make the most of technology
Take time to listen to clients
Find innovative ways to meet client needs