From October 3 to November 7 2022, Statistics Canada conducted the Canadian Survey on Business Conditions. The purpose of this survey is to collect information on businesses in Canada related to emerging issues. This infographic presents key results from this.
Description - Business Conditions in Canada, fourth quarter of 2022
Business expectations over the next three months
79.6% expect to keep the same number of employees
58.4% expect rising inflation to be an obstacle
52.8% expect profitability to remain relatively unchanged
48.1% expect the rising cost of inputs to be an obstacle
39.4% expect rising interest rates and debt-related costs to be an obstacle
37.2% expect transportation costs to be an obstacle
32.4% expect to raise the prices of goods and services
Labour-related issues anticipated in the short term
35.5% of businesses expect the labour force shortage to be an obstacle
41.7% of businesses expect recruiting or retaining employees to be an obstacle,
Of businesses expecting this obstacle, 61.3% find recruiting and retaining staff more challenging than 12 months earlier
Supply chain challenges over the next three months
23.5% of businesses expect difficulty acquiring inputs, products or supplies from within Canada
12.8% of businesses expect maintaining inventory levels to be an obstacle
12.3% of businesses expect difficulty acquiring inputs, products or supplies from abroad
Of businesses that expect supply chain challenges over the next three months
33.3% reported that they plan to substitute inputs, products or supplies with alternate inputs, products or supplies over the next 12 months
32.3% reported that they plan to partner with new suppliers over the next 12 months
Liquidity and debt
77.3% of businesses reported having the cash or liquid assets required to operate for the next three months
74.7% of businesses do not plan to apply for a new business loan over the next three months
Of businesses that do not plan to apply for a new business loan in the next three months, 25.7% reported being unable to take on more debt
Sources: Statistics Canada, Canadian Survey on Business Conditions, fourth quarter of 2022.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).