A CFIB survey finds just 7% of small businesses plan significant growth over the next year, with taxes and rising costs cited as key barriers to expansion.
Weak demand remained the leading growth constraint for nearly half (49%) of small businesses, while shortage of skilled labour persisted for 41% of small firms.
A new DOSS report finds the latest 50% U.S. tariffs on Canadian goods are intensifying pressure on retailers, forcing companies to rethink pricing, inventory management and supply chains while delaying long-term growth plans.
Ontario restaurants and small businesses are struggling with wildfire smoke, extreme heat, rising utility costs and new U.S. tariff threats. Merchant Growth's latest survey reveals growing financial strain, reduced U.S. trade and cautious consumer spending.
The federal small business tax rate has remained frozen at 9% since 2019, and the Small Business Deduction threshold has been unchanged at $500,000 since 2009.
Franchising can offer operational assistance such as human resources and technology support, along with brand recognition that helps create a stronger foundation for new business owners.
Canada sees middle market squeeze, Metro's Carmen Fortino and London Drugs' Clint Mahlman retire on same day, Pepper Lunch closes in Richmond, 16,000 fake World Cup merch items seized, No Frills opens 1st Lloyminster store, and other news.
Fuel charges on grocery hits economy, Rona leads radio spend, campus thrift store opens in Calgary, Time Out Market prepares to open at Oakridge Park, 500 charges in retail theft scheme, and other news.
With an estimated $3.8 billion benefit for Canada as 2026 World Cup co-host, the FIFA World Cup will be a prime opportunity for small businesses to enhance visibility from increased demand.