Business conditions in Canada, third quarter of 2021
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Release date: August 27, 2021
Description: Business conditions in Canada, third quarter of 2021
Business expectations over the next three months
- 78.2% expect to keep the same number of employees
- 38.5% expect the rising cost of inputs to be an obstacle
- 27.2% expect profitability to decrease
- 23.3% expect the demand for products and services to increase
- 21.7% expect to raise the prices of goods and services
- 14.8% expect sales to decrease
Business plans over the next 12 months
- 14.7% of businesses with remote workers anticipate shrinking office locations
- 18.4% plan to expand, restructure, or acquire or invest in other businesses
- 4.8% plan to transfer, sell or close their business
Business outlook over the next 12 months
- 52.0% have a somewhat optimistic outlook
- 23.7% have a very optimistic outlook
- 13.4% are uncertain of their outlook
- 8.4% have a somewhat pessimistic outlook
- 2.5% have a very pessimistic outlook
Business survival
- 19.0% reported that they were unable to take on more debt
- 17.7% 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
- 6.8% 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
Source: Statistics Canada, Canadian Survey on Business Conditions, third quarter of 2021.
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