In the first quarter of 2023, the top four short-term obstacles for rural businesses were rising inflation, rising cost of inputs, transportation costs and rising interest rates and debt costs. Over one-quarter of rural businesses indicated plans to adopt new technologies, such as new digital technologies, over the next year.
This information is part of an article released today in the Rural and Small Town Canada Analysis Bulletin, which sheds light on the economic conditions rural businesses in Canada face and the plans and future expectations of these businesses relative to their urban counterparts. The article is based on the most recent iteration of the Canadian Survey on Business Conditions.
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