Posthaste: Most Canadian businesses say they can weather the storm — even though the worst is yet to come

A new study by the Business Development Bank of Canada says 69% of businesses are prepared to face the downturn. Read more

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The study reveals that while most businesses are concerned about a coming downturn, most are profitable and 45 per cent say they expect to stay that way as the economy slows. And it’s not rising interest rates that are proving the biggest pain in businesses’ bottom lines, but energy costs, with 51 per cent saying these are the biggest external obstacle they face. Interest rates come second at 39 per cent and salaries third at 38 per cent.Article content

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