Canadian importers and trade chain partners have until May 20 to enrol in the Canada Border Services Agency (CBSA)’s new program which allows their goods to be cleared at customs without paying duties and taxes on arrival. However, new data by the Canadian Federation of Independent Business (CFIB) shows that nearly half (45 per cent) … Read more
The Canadian Federation of Independent Business (CFIB) congratulates Prime Minister Mark Carney (Nepean, Ont.) and all elected MPs and looks forward to working with government and opposition parties on key small business priorities as we continue to navigate the tariff battle with the United States and China. “It was good to hear both Prime Minister … Read more
The Canadian economy is estimated to see muted growth in Q1 2025 and expected to see significant contraction in the second quarter of the year, finds the latest Main Street Quarterly report by the Canadian Federation of Independent Business. The full release is available online. Contact Public.affairs@cfib.ca.
The vast majority of Canadian agri-businesses (88 per cent) say Canada should strengthen trade ties with other countries besides China and the U.S. due to rising trade tensions, finds new data by the Canadian Federation of Independent Business (CFIB). China’s retaliatory tariffs on Canadian agricultural and seafood products are affecting about a third (36 per cent) … Read more
New survey data from the Canadian Federation of Independent Business shows small firms are shifting away from U.S. markets as tariff uncertainty disrupts business operations. One-third have already moved to Canadian suppliers, with another third planning to scale back U.S. investments. Nearly 47 per cent do not consider the U.S. a reliable trading partner. “Small business … Read more
The Canadian Federation of Independent Business has released a 13-point platform calling on federal parties to support small businesses struggling with low confidence, rising costs and trade disruptions. CFIB says four in five small firms are already affected by the Canada-U.S. trade war, with many shifting to domestic suppliers. “The business climate in Canada needs … Read more
According to the Canadian Federation of Independent Business, small business confidence in Canada plunged to a record low in March as the escalating U.S.-Canada trade war deepens economic uncertainty. The CFIB’s Business Barometer® index dropped 24.8 points to 25, lower than levels seen during the 2020 pandemic or the 2008 financial crisis, with hiring plans and … Read more
The Canadian Federation of Independent Business (CFIB) welcomes Ottawa’s decision to scrap the carbon tax but is concerned about some important outstanding carbon, capital and alcohol tax matters. “Small businesses will be pleased to see the end of the federal carbon tax. Given how long small business owners have been getting the runaround from the … Read more
A majority of small- and mid-sized businesses (62 per cent) say they’re taking a hit due to the ongoing U.S.-Canada trade war, finds data from the Canadian Federation of Independent Business (CFIB)’s upcoming Monthly Business Barometer. “To say that small businesses are feeling worried is an understatement […] The everchanging news developments and the constant on-again, … Read more
The Canadian Federation of Independent Business (CFIB) warned that the Trump administration’s tariffs will severely impact small businesses, leading to higher costs, cancelled contracts, and lower demand. “Governments across Canada need to move into action mode,” said CFIB President Dan Kelly, calling for retaliatory tariffs, immediate financial support for affected businesses, and the removal of internal … Read more
