Business Conditions in Canada, first quarter 2025

Release date: February 28, 2025 Correction date: July 23, 2025
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Correction notice

On July 23, 2025, the percentage of businesses that expected to lower their average wages was revised from 3.1% to 3.0%.

Infographic: Business Conditions in Canada, first quarter 2025
Description: Business Conditions in Canada, first quarter 2025

Top obstacles expected by businesses over the next 3 months Table summary
The information is grouped by Obstacles (appearing as row headers), , calculated using (appearing as column headers).
Obstacles percent of businesses
Inflation 46.4%
Cost of inputs 26.7%
Cost of insurance 26.7%
Recruiting skilled employees 26.4%
Interest rates and debt-related costs 25.5%
Nearly 1 in 3 businesses reported higher revenues in 2024 than in 2023 Table summary
This table displays the results of Nearly 1 in 3 businesses saw increased revenues in 2024 than in 2023 , calculated using (appearing as column headers).
  Percentage of businesses Average percentage change in revenues
Higher revenues 32.9% +22.0%
Similar revenues 35.8% Not applicable
Lower revenues 31.3% -25.6%
43.8% of businesses expect to increase their average wages over the next 12 months Table summary
This table displays the results of 35.0% of businesses expect to increase their average wages over the next 12 months , calculated using (appearing as column headers).
  Percentage of businesses
Higher wages 43.8%
Similar wages 44.6%
Lower wages 3.0%
Don’t know 8.5%
Representation of women and men in management and non-management positions Table 4 Note 1
  Women Men
Note 1

Businesses were asked to provide the percentage of women and men in different types of positions.

Return to note 1 referrer
Senior management positions 36.6% 63.4%
All other management positions 46.4% 53.6%
All other positions 43.8% 56.2%

Source: Statistics Canada, Canadian Survey on Business Conditions, first quarter of 2025.

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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, 2025

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

Catalogue no. 11-627-M

Frequency: Occasional

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