The Canadian Federation of Independent Business (CFIB), in collaboration with Interac Corp., released new data showing that an increasing number of Canadian small businesses are being hit by fraud, with half of them experiencing either attempted or successful fraud in the past 12 months, and more than one-third of those who fell victim to fraud suffering … Read more
Canadian Federation of Independent Business president Dan Kelly issued a statement: “The Canadian Federation of Independent Business warns that a work stoppage at Air Canada could have a devastating impact on small businesses and the Canadian economy. Nearly 120,000 travellers depend on Air Canada to reach their destination every day. Canada’s hospitality and tourism sectors would … Read more
CFIB President and CEO Dan Kelly issued a statement: “The complete shutdown of Canadian National Railway and Canadian Pacific Kansas City operations will have a massive impact on Canada’s economy, small businesses and consumers, warns the Canadian Federation of Independent Business (CFIB). CFIB has already been hearing from businesses concerned about not getting essential shipments … Read more
Jasmin Guenette, Vice-President, National Affairs, CFIB, issued a statement: “The Canadian Federation of Independent Business (CFIB) is calling on all parties to reach an immediate agreement to prevent a work stoppage at Canada’s major railway companies, Canadian Pacific Kansas City Ltd. (CPKC) and Canadian National Railway Co. (CN) currently scheduled at 00:01 ET Thursday, August 22. Any disruptions … Read more
Dan Kelly, president of the Canadian Federation of Independent Business, issued a statement: “Yesterday, the federal government shared new details on the Canadian Entrepreneurs’ Incentive (CEI) measure that was proposed in the budget to offset some of the negative impact of the increase in the capital gains inclusion rate,” he said. “While these changes do not … Read more
With the long-awaited reductions in credit card fees for smaller merchants only a few months away, the Canadian Federation of Independent Business (CFIB) sent a letter to acquirers, asking if they’re ready to pass on credit card fee savings to small businesses as of October 19, 2024. Out of 11 payment processors, five acknowledged the letter, with … Read more
Canada’s productivity is lagging behind its G7 counterparts, and one in two small businesses say interprovincial trade barriers are part of the problem, according to the Canadian Federation of Independent Business (CFIB)’s latest State of Internal Trade report: Interprovincial Cooperation Report Card. CFIB is urging all levels of governments to take decisive action to eliminate internal trade … Read more
The Canadian Federation of Independent Business (CFIB) issued a statement on findings from the latest Main Street Quarterly report. Key highlights from the report for the second quarter (Q2) of 2024 were: The Canadian economy grew by 2.0 per cent in Q2 on the heels of a 1.7 per cent growth in Q1. The third quarter should continue growing at about the same … Read more
The Canadian Federation of Independent Business (CFIB) issued an open letter to provincial and territorial premiers ahead of the Council of the Federation (COF)’s meeting in Halifax this week, urging them to raise small business priorities in their discussions. They stated, “Given the high costs of insurance and wages, as well as shortages of skilled labour and … Read more
The Canadian Federation of Independent Businesses (CFIB) issued a statement on carbon taxing, detailing how to qualify for carbon tax rebates as a business, and calling on business owners to sign CFIB’s petition asking the government to scrap the carbon tax. Dan Kelly, CFIB president, stated, “‘While the 2024 budget promises the government will “urgently” return the … Read more
