Business conditions in Canada, fourth quarter of 2024

Release date: November 25, 2024
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Infographic: Business conditions in Canada, fourth quarter of 2024
Description: Business conditions in Canada, fourth quarter of 2024

Top obstacles expected by businesses over the next 3 months Table summary
This table displays the results of Top obstacles expected by businesses over the next 3 months , calculated using (appearing as column headers).
  Percent
Rising inflation 44.9%
Rising cost of inputs 37.6%
Rising interest rates and debt-related costs 28.5%
Recruiting skilled employees 28.3%
Cost of insurance 27.0%
Labour-related obstacles businesses expect over the next three months Table summary
This table displays the results of Labour-related obstacles businesses expect over the next three months , calculated using (appearing as column headers).
  Percent
Recruiting skilled employees 28.3%
Retaining skilled employees 19.3%
Shortage of labour force 19.1%
Over 7 in 10 businesses are optimistic about the next 12 months Table summary
This table displays the results of Over 7 in 10 businesses are optimistic about the next 12 months , calculated using (appearing as column headers).
  Percent
Very optimistic 21.3%
Somewhat optimistic 50.3%
Somewhat pessimistic 12.1%
Very pessimistic 4.4%
Don’t know 11.8%
Over 2 in 5 expect their average wages to increase over the next 12 months Table summary
This table displays the results of Over 2 in 5 expect their average wages to increase over the next 12 months , calculated using (appearing as column headers).
  Percent
Increase in wages 42.6%
Similar wages 39.8%
Decrease in wages 4.3%
Unsure of changes to wages 13.4%
Nearly half of businesses reported that interest rates had a medium or high impact on the business over the last 12 months Table summary
This table displays the results of Nearly half of businesses reported that interest rates had a medium or high impact on the business over the last 12 months , calculated using (appearing as column headers).
  Percent
High impact 22.3%
Medium impact 25.8%
Low impact 18.8%
No impact 20.3%
Unknown 12.8%

Source: Statistics Canada, Canadian Survey on Business Conditions, fourth quarter of 2024.

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Copyright

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, 2024

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

Catalogue no. 11-627-M

Frequency: Occasional

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