“We need local support': according to the city, more than half of every $100 that’s spent at local shops recirculates back into the local economy. yyc
“We need local support for sure,” Chawala said, noting shopping for formal wear online isn’t the same as in-person. “We built the store and it’s a beautiful store. And people can see , they can touch it, they can feel it.”Read more:“December is an important month for business owners,” Erin Chrusch, leader of business and local economy at the City of Calgary, said.
“By supporting local, we’re not only helping these businesses thrive and grow, but we’re also supporting local jobs and workers, and ensuring more money stays in our community.” The city also suggested supporting local businesses by leaving positive reviews on social media and online, suggesting the use of the “#SupportLocalYYC” hashtag.Business confidence is down slightly, according to the latest “
” from the Canadian Federation of Independent Business, a survey of more than 700 members nationwide. Their long-term index measures how businesses expect to perform in the next year.In May, Alberta’s index measured at 65.2. By November, it fell to 50. An index of near 65 would normally indicate the economy’s growth at potential.
In October, ATB Financial deputy chief economist said the province was expected to ride out “rough economic waters,” but recently adjusted its 2023 GDP growth forecast down to 2.8 from 3.0 per cent.
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