As small business sentiment drops, Liberals pressed to give benefits extra life

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A group representing thousands of small businesses says uncertainty over the fate of federal pandemic supports is causing its members to lose confidence in their financial prospects, and pushing the Liberals to provide more life support for ailing companies.

The Canadian Federation of Independent Business said sentiment in its monthly barometer from September showed the largest one-month drops since the onset of the pandemic in March 2020.

The federal budget bill passed at the end of June includes a provision that cabinet can extend benefits until Nov. 20. The Liberals would need to gain parliamentary approval for any more weeks of life. The ask to keep those benefits moving comes with a corresponding request to reshape the "recovery" benefits for out-of-work Canadians that will test the federal government. Finance Minister Chrystia Freeland in conversations has pressed stakeholders about how the government could extend business benefits, but not the same for workers.

In late July, the Liberals announced an extension of the aid package and put off a planned drop in benefit values citing a slower than expected recovery. The Canada Recovery Benefit has seen a similar drop in claims, and has paid out about $26.4 billion to unemployed workers who don't qualify for employment insurance, with weekly benefits set at $300.

Chief economist Craig Alexander said the link between benefits and labour shortages is largely anecdotal. He added that some industries could also be facing labour shortages from declines in immigration.

 

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Just a reminder cerb comes $14.28 a hour and is less them min wage in some provinses so mayby you pay peopke more money or you maybe people got pissed for being layed off and took the time to find a job that didnt treat them like crap or gave them more meaning in life

NO, there are plenty of jobs out there and if you dont want to work, too bad for you- the rest of us are tired of paying you to sit home. Now, I dont mind if govt tops up their salary as an incentive to get to work!

Keep pushing fear while pushing govt handouts. What a combination. The media are useless

Baloney (to be kind). So many places are looking for employees but nobody wants to work because of CERB

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