New CFIB data shows that since the start of the trade war, nearly four in ten (39%) small businesses have seen increased sales of Canadian/locally made products – especially in the retail (44%), hospitality (43%) and wholesale (41%) sectors.
"If no deal is reached between Canada Post and its union and strike action takes place in the coming weeks, the impact on small business will be significant." - CFIB
The CFIB said 32% of business owners have already shifted to suppliers/markets within Canada, 27% plan to increase their investment in Canada, while 33% intend to reduce efforts in the U.S. over the next six months.
As small firms are dealing with U.S.-Canada and Chinese tariffs, the CFIB is urging government and all parties to find a way to fix the outstanding tax matters.
Small businesses need stability, said the CFIB, which is urging the federal government to recall Parliament immediately to scrap the upcoming 19% carbon tax increase.