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Q2 CSBC Data Release: Hot Off the Press From Our Business Data Lab!

For many of us, life is finally starting to feel more “normal.” But sadly, the latest CSBC reveals that the recovery remains incomplete for one third of businesses, representing over 361,000 companies.

For many of us, life is finally starting to feel more “normal.” But sadly, the latest CSBC reveals that the recovery remains incomplete for one third of businesses, representing over 361,000 companies.

  • Small and minority-owned businesses as well as high contact services are lagging behind.
  • Debt that piled up during the pandemic is becoming a bigger constraint. The top operating concern is unrelenting cost pressures, which are being exacerbated by the recent energy price spike.

But it’s not all bad news this quarter. In this challenging environment, Canadian companies are cautiously optimistic about the near-term outlook, with sales expected to pick up in Q3.

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