Business conditions in Canada, second quarter of 2021
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Description: Business conditions in Canada, second quarter of 2021
Business conditions in Canada, second quarter of 2021
Business expectations over the next three months
77.6% expect to keep the same number of employees
37.8% expect rising cost of inputs to be an obstacle
37.1% expect profitability to decrease
25.7% expect sales to decrease
19.9% expect to raise prices of goods and services
19.7% expect demand for products and services to decrease
Business plans over the next 12 months
12.1% plan to expand, restructure, or to acquire or invest in other businesses
5.0% plan to transfer, sell or close the business
Business outlook over the next 12 months
50.7% have a somewhat optimistic outlook
23.0% have a very optimistic outlook
14.5% are uncertain of their outlook
11.8% are not optimistic
Business survival
20.7% reported that they can continue to operate at their current level of revenue and expenditures for less than 12 months before considering laying off staff
14.8% reported that they were unable to take on more debt
9.5% reported that they can continue to operate at their current level of revenue and expenditures for less than 12 months before considering closing or declaring bankruptcy
Post-pandemic measures
26.3% are likely to require employees to come back to work on site
19.0% are likely to increase contactless delivery or pickup options
17.9% are likely to modify the work space to increase the distance between employees
5.9% are likely to require more employees to work remotely
Source: Statistics Canada, Canadian Survey on Business Conditions, second quarter of 2021.
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