Small businesses are wrapping up the year with a mixed outlook, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer, released today.
The report notes that despite ongoing challenges, the state of business this December is virtually back to where it was three years ago: 38 per cent of entrepreneurs now say their business is in good shape, while 17 per cent describe their situation as bad (those shares were 38 per cent and 16 per cent respectively in December 2019).
“Although it is encouraging to see some things going back to normal, such as how entrepreneurs perceive the overall state of their business, we have to recall that recovery, especially on the financial side, remains elusive for too many,” said Simon Gaudreault, chief economist and vice president of research at CFIB.
