In the second quarter of 2023, businesses in rural and small town (RST) areas expected to encounter various obstacles related to high inflation, high costs and supply chains. Despite these expected challenges, most RST businesses were somewhat or very optimistic about their 12-month outlook, a perspective that has improved from the first quarter.
This information is part of an article released today in the Rural and Small Town Canada Analysis Bulletin that highlights the economic conditions RST businesses in Canada face and these businesses' plans and future expectations. The article is based on the most recent iteration of the Canadian Survey on Business Conditions.
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