Toronto, November 1, 2022 - The Canadian Federation of Independent Business (CFIB) will be available to comment on the federal government’s Fall Economic Statement on November 3 on behalf of Canada’s small- and medium-sized businesses.
Small businesses are continuing to feel uncertain about the future — half (56%) are yet to return to their normal levels of revenue, according to CFIB’s Small Business Recovery Dashboard. Small firms are still carrying an average of $144,000 of pandemic debt amid rising interest rates and inflationary pressures.
CFIB is urging the government to avoid implementing policies that would further burden small businesses and will be looking for the following measures in the 2022 Fall Economic Statement:
On Canada Emergency Business Account (CEBA) loans:
On keeping the cost of doing business from further increasing:
On credit card fees:
CFIB President Dan Kelly, Senior Vice-President of National Affairs Corinne Pohlmann and Vice-President of National Affairs Jasmin Guénette will be available in Ottawa to comment on the Fall Economic Statement on November 3.
For media enquiries or interviews, please contact:
Dariya Baiguzhiyeva, CFIB
647-464-2814
public.affairs@cfib.ca
About CFIB
The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses with 95,000 members across every industry and region. CFIB is dedicated to increasing business owners’ chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at cfib.ca.