Business Conditions in Canada, first quarter of 2023

Release date: February 27, 2023
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Infographic: Business Conditions in Canada, first quarter of 2023
Description: Business Conditions in Canada, first quarter of 2023

Business expectations over the next three months

58.1% expect rising inflation to be an obstacle

51.1% expect profitability to remain relatively unchanged

45.7% expect the rising cost of inputs to be an obstacle

40.2% expect rising interest rates and debt-related costs to be an obstacle

39.7% expect recruiting or retaining skilled employees to be an obstacle

Businesses expect to increase prices over the next 12 months

30.4% expect to raise prices by 7% or less

16.6% expect to raise prices by 8% or more

27.4% are undecided on price changes

25.5% do not plan to increase prices

Fewer businesses expect supply chain challenges over the next three months

20.7% expect difficulty acquiring inputs, products or supplies from within Canada

10.0% expect maintaining inventory levels to be an obstacle

9.4% expect difficulty acquiring inputs, products or supplies from abroad



Table 1
Table summary
This table displays the results of Table 1 Fourth Quarter of 2022 and First Quarter of 2023 (appearing as column headers).
Fourth quarter of 2022 First quarter of 2023
Expect difficulty acquiring inputs, products or supplies from within Canada 23.5% 20.7%
Expect maintaining inventory levels to be an obstacle 12.8% 10.0%
Expect difficulty acquiring inputs, products or supplies from abroad 12.3% 9.4%

Source: Statistics Canada, Canadian Survey on Business Conditions, first quarter of 2023.

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Published by authority of the Minister responsible for Statistics Canada.

© His Majesty the King in Right of Canada, as represented by the Minister of Industry, 2023

All rights reserved. Use of this publication is governed by the Statistics Canada Open Licence Agreement.

Catalogue no. 11-627-M

Frequency: Occasional

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