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
| 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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