TD Bank released data from its poll of a select group of high level company executives including CEOs, CFOs and company founders in attendance at the Bloomberg Breakaway Summit held in New York City.

The data reveals that 63% of CEOs and CFOs plan to increase capital spending this year. Respondents also cited that in the next year, the most significant areas that will impact their businesses are the 2016 presidential election (21%), technology innovation (20%) and the national economy (16%).

Other key findings include:

• 63% of respondents plan to increase capital spending
• 48% of respondents cited retained earnings as the primary source of funding for their company’s capital spending currently
• 57% of respondents expect their credit needs to remain the same in the next year
• Respondents cited that in the next year, the most significant areas that will impact their businesses are: the 2016 presidential election (21%), technology innovation (20%) and the national economy (16%)
• In the next year, 25% plan on investing in cloud technology and 21% in the Internet of Things
• 27% of respondents were in the financial services industry