Business conditions in Canada, first quarter of 2024

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Release date: February 26, 2024
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Infographic: Business conditions in Canada, first quarter of 2024
Description: Business conditions in Canada, first quarter of 2024

Rising inflation and rising cost of inputs are the top 2 obstacles expected by businesses over the next 3 months
Table summary
This table displays the results of Rising inflation and rising cost of inputs are the top 2 obstacles expected by businesses over the next 3 months. The information is grouped by Obstacles expected by businesses over the next 3 months (appearing as row headers), Percentage of businesses (appearing as column headers).
Top obstacles expected by businesses over the next 3 months Percentage of businesses
Rising inflation 55.4%
Rising cost of inputs 43.7%
Rising interest rates and debt-related costs 41.0%
Cost of insurance 34.2%
Rising costs in real estate, leasing or property taxes 31.7%

Nearly 2 in 5 businesses saw increased revenues in 2023 compared with 2022
Table summary
This table displays the results of Nearly 2 in 5 businesses saw increased revenues in 2023 compared with 2022 Percentage of businesses and Average percentage change in revenues (appearing as column headers).
Percentage of businesses Average percentage change in revenues
Higher revenues 37.3% +23.7%
Similar revenues 33.4% Note ...: Not applicable
Lower revenues 29.3% -23.9%
... not applicable

Over the next 12 months, 43.4% of businesses expect to increase average wages
Table summary
This table displays the results of Over 2 in 5 businesses expect to increase average wages over the next 12 months Percentage of businesses (appearing as column headers).
Percentage of businesses
Higher wages 43.4%
Similar wages 45.1%
Lower wages 2.6%
Unsure of changes to wages 9.1%

Representation of women and men in management and non-management positionsNote 1
Table summary
This table displays the results of Distribution of women and men, in management and non-management positions Women and Men (appearing as column headers).
Women Men
Senior management positions 37.4% 62.6%
All other management positions 44.7% 55.3%
All other positions 45.0% 55.0%

Source: Statistics Canada, Canadian Survey on Business Conditions, first 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

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