Tag: Business Debt

Nearly 1 In 5 Canadian Businesses Laid Off More Than 80% of Staff

April 29, 2020

Canada’s national statistics agency surveyed businesses to gauge the impact of the pandemic, and it’s not pretty. Statistics Canada (Stat Can) surveyed 12,000 business operators between April 3 and 24, on how COVID-19 impacted them. Some businesses are minimally impacted, much to our surprise. However, the majority have seen significant revenue declines, and have had […]

Canada

Canadian Business Credit Demand Slows, Signaling A Slowdown For Economic Growth

December 30, 2019

Canadian businesses are borrowing less cash, and that could be a sign of things to come. Bank of Canada (BoC) numbers show business credit outstanding hit a new record in November. Despite the record high, growth continues to come in lower and lower. This is often a sign that businesses are seeing fewer growth opportunities. […]