After a lackluster performance in the second quarter of 2023, Canada’s economic growth is predicted to make a gradual recovery and reach 1.4 percent in the third quarter, according to the latest Main Street Quarterly report released by the Canadian Federation of Independent Business (CFIB). “Key macroeconomic indicators, such as GDP, retail sales and inflation,…
Canadian Federation of Independent Business Report Finds Economy Due for Slow Recovery in 3rd Quarter
Quebec’s Minimum Wage Set to Go up to $15.25 Beginning Monday
Quebec’s minimum wage will rise by one dollar to $15.25 as of Monday. The Quebec government says it is trying to improve the purchasing power of low-income earners and encourage participation in the labour market. The province’s labour department says nearly 299,000 workers will benefit from the increase, including more than 164,000 women. The Canadian…
Public Service Strikers’ Demands Will Cost $1B if Met by Ottawa: Report
April 19, 2023
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An additional $1 billion of public-servant compensation will be required if Ottawa meets the demands of the union representing around 159,000 federal workers currently on strike, says a business advocacy organization. The Canadian Federation of Independent Business (CFIB) wrote in a report on April 19 that wage hikes the Public Service Alliance of Canada (PSAC) is…
$22 Billion Federal Carbon Tax Revenue Collected, Less Than 1% Returned to Small Businesses: Report
Less than 1 percent of the $22 billion collected by the federal government in carbon tax revenues over the past four years has been returned to small businesses across Canada, says a new report. The Canadian Federation of Independent Business (CFIB) estimates that, although small businesses pay nearly half of all carbon-tax revenue collected by Ottawa, the…
A Fifth of Canada’s Small Businesses Face Closure: Business Federation
A majority of small businesses in Canada have not rebounded to pre-pandemic levels, a Senate national finance committee heard yesterday. “Only half of small businesses are back to normal sales from pre-pandemic levels,” testified Dan Kelly, CEO of the Canadian Federation of Independent Business (CFIB), according to Blacklocks Reporter. “Two thirds of small Canadian firms are…
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