Small business confidence hits lowest level since COVID-19 onset: CFIB

Small business confidence has hit its lowest reading since the onset of the COVID-19 pandemic as consumer demand wanes in Canada.

"We’re hearing from many businesses that they’re at full capacity and busy, but they’re not making a profit either. Inflation, financial pressures, labour challenges, uncertainty: name a business challenge and it’s happening in Canada right now." "Firms expect growth in demand to continue to be subdued, with indicators of future sales low relative to their historical norms.", something the CFIB noted in a release will "certainly be welcome news" for small businesses struggling with their finances and consumer confidence.

A famed trader known as '50 Cent' is making a big bet that the world's worst-performing currency is about to surge 'violently' Hui Ka Yan is now worth $979 million. His net worth has taken a 98% tumble since peaking at $42 billion in 2017, per Bloomberg.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small business minister hints at help after CEBA repayment complaintsSmall Business Minister Rechie Valdez has hinted that more help could be on the way for small business owners who are struggling to make ends meet as the deadline to repay emergency pandemic loans approaches.
Source: BNNBloomberg - 🏆 83. / 50 Read more »