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Canada’s Small Businesses Cry for Help | Ottawa News
Description
Canada’s small business sector is in a deep slump, with more closures than openings for six straight quarters — sparking alarm as these firms drive most of the economy and employ millions. Experts blame pandemic fallout, trade tensions, and soaring energy costs. The CFIB is pushing for a long-overdue tax rate cut, arguing Canada’s current structure discourages risk-taking compared to provinces. Meanwhile, the government rolled out $173 million over five years to boost women entrepreneurs. Other industries are also lobbying hard: canola growers seek stronger U.S. and Chinese trade ties, while clean energy advocates push for policies to expand wind, solar, and storage. Economic development remains the top federal lobbying priority — as businesses scramble to shape policies that can turn the tide.
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