What do Canadian businesses expect between now and the end of November 2022? Some of the many challenges of concern for them include inflation, labour shortages and the supply chain. Let’s take a quick look at what they expect in the near future.
Inflation is a hot topic, and 60% of businesses expect rising inflation to be an obstacle. In addition, 37% of them expect rising interest rates and debt costs to be obstacles.
Labour shortages are a major problem and the business community as a whole is not immune to them. Of businesses that expect labour-related obstacles, 61.8% find recruiting and retaining staff more challenging than 12 months earlier.
The products we consume come from all over. Specifically, 71.5% of Canadian businesses purchase equipment, parts, components and goods for sale from a domestic supplier and 82.8% from a foreign supplier.
Contact information
For more information, contact the Statistical Information Service (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).