Uptick in business bankruptcies just the tip of the iceberg: CFIB
August 19, 2022 The Canadian PressTORONTO – A small business lobby group says commercial bankruptcies are rising in Canada and even more small businesses are at risk of closure. Data from the Office of the Superintendent of Bankruptcy Canada shows small business insolvencies have been…
As small business sentiment drops, Liberals pressed to give benefits extra life
October 6, 2021 Jordan Press - THE CANADIAN PRESSOTTAWA – A group representing thousands of small businesses says uncertainty over the fate of federal pandemic supports is causing its members to lose confidence in their financial prospects, and pushing the Liberals to provide more life support for ailing…
Small businesses continue to be hard-hit by rising premiums this year, CFIB reports
September 24, 2021 by Jason ContantInsurance has become the top operating cost concern for small businesses, with seven in 10 reporting their premiums have increased since the beginning of the year, the Canadian Federation of Independent Business (CFIB) reported. The ongoing hard commercial insurance market,…
Businesses at high risk in pandemic’s final days as subsidies fade, reopening delayed
June 1, 2021 Brett Bundale - THE CANADIAN PRESSHALIFAX – Lisa Drader-Murphy opened her first store in 1997 with $250 in the bank. Over more than two decades, the Canadian fashion designer built her luxury clothing brand debt-free by reinvesting her earnings back into the business. “I was…
Small business struggling amid COVID-19 pandemic looks for aid in Liberals’ budget
April 13, 2021 Jordan Press, The Canadian PressOTTAWA — A group representing thousands of the country’s small businesses says many hope the Trudeau Liberals heed their concerns and reshape aid in the upcoming federal budget to help them survive the COVID-19 pandemic. The Canadian Federation of Independent…
How your business clients feel about Canada’s chances for economic recovery
March 25, 2021 by Adam MalikThe size of your commercial client appears to influence their optimism about the future as Canada’s vaccination program starts to roll out, a trio of recent reports suggests. Bigger commercial clients are feeling a sense of optimism when looking ahead,…
Nearly two-thirds of small businesses would use rapid testing of employees: survey
February 19, 2021 The Canadian PressOTTAWA – Nearly two-thirds of Canadian small businesses would consider using rapid testing to screen employees if it would help their business to stay open, says a recent survey. The Canadian Federation of Independent Business says 63 per cent would…
CFIB raises estimate of small businesses at risk of closing permanently
January 22, 2021 The Canadian PressTORONTO – More than 200,000 Canadian businesses could close permanently during the COVID-19 crisis, throwing millions of people out of work as the resurgence of the virus worsens across much of the country, according to new research. The Canadian Federation…
Canadian small businesses ask insurers for more relief
November 11, 2020 by Adam MalikWith commercial insurance premiums on the rise in a number of business classes, and some unable to even find an insurer, a national association representing Canadian small businesses is calling on insurers and provincial governments to do more to ensure…
Your list of business clients is at risk of shrinking: CPA Canada chief economist
October 16, 2020 by Adam MalikThe longer the COVID-19 pandemic drags on, the longer businesses will struggle and the risk that they close their doors for good, an economist is warning, and that spells bad news for the insurance industry. Canada is navigating through a…
Commercial clients that may take the longest to recover from the pandemic
September 23, 2020 by Adam MalikAfter early hopes that brokers and insurers might be able to sell more commercial premium early next year as small businesses activity normalizes, a new report finds that it may be upwards of a year-and-a-half on average for a return…