CFOs to Boost Capital Spending in 2016

CFOs to Boost Capital Spending in 2016

Published in CFO

Chief financial officers in the are planning to significantly boost capital spending in 2016, despite probable interest rate increases and the uncertainty of an election year, according to TD Bank’s fifth annual CFO Survey, released Monday.

A majority (61%) of 300 U.S. CFOs and other corporate financial decision makers at middle-market and large corporations surveyed by the bank expect to increase capital expenditures next year, particularly in three keys areas: technology (58%), existing facilities (44%), and data security (41%).

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