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.

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