Business confidence low but still some hope

Business confidence is at an all time low according to the Ontario Chamber of Commerce with Quinte West businesses echoing that feeling.Ontario Economic ReportLabour shortages, inflation, and forecasts of an economic slowdown are dampening confidence in Ontario’s outlook however, many businesses feel confident they can withstand the headwinds and continue to grow in the year ahead.Provincially only 16% of businesses are confident in Ontario’s Economic Outlook.

In Quinte West that number dropped to just 7% with the cost of living cited as the biggest reason for pessimism. Forty-six per cent of businesses said they grew over the past year and 21% shrunk which is in line with Ontario overall.Labour shortages remain a concern as 50% of respondents currently have a labour shortage and 54% said they expect labour shortages in the year ahead, slightly less than the provincial result.Top priorities for Quinte West respondents are: Reduce/simplify business taxes; support businesses with energy costs; strengthen local supply chains, industries, and manufacturing.

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Ontario trucking company under investigation after workers say $115K in wages withheldA Brampton trucking company is under investigation by the federal government after a group of former long-haul drivers claimed it’s withholding at least $115,000 in unpaid wages from them. Brampton is high maintenance. Someone should tell them this has been done before and it ended badly. Put all the trucks out of business. Followed by the store installing their own fleet which ended the problem entirely because the store was not following the rules. One by one the… Imagine that I can see this happening at all the trucking companies. They are all probably holding drivers wages hostage for increased profits.
Source: CTVToronto - 🏆 9. / 84 Read more »