Scotiabank reports that 74% of surveyed small-business clients are optimistic about their business prospects. New findings also identify franchise acquisitions, multi-unit ownership, technology investment and succession planning as priorities for Canadian entrepreneurs facing economic uncertainty and rising operating costs.
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.
First Capital REIT has leased-out the entire retail podium at the iconic Yonge and Bloor corner, including space to another new tenant in the main-floor space formerly occupied by Nordstrom Rack.
A report by Scotiabank shows retailers and other small businesses are seeing a turnaround, though headwinds prevail including a recession and ongoing inflation.