Southern Alberta businesses dealing with inflation, possible recession entering 2023
The southern Alberta business community has faced its share of adversity during the COVID-19 pandemic. And it’s still dealing with hurdles.
According to Lethbridge Chamber of Commerce CEO Cyndi Bester, inflation, employee shortages and a possible recession remain concerns. “We have so many different types of raindrops hitting us right now, we’re just trying to manage through which ones and how do we prioritize,” Bester said. “Then how we work collectively to make it better.”
Data from the Canadian Federation of Independent Business shows a portion of Alberta businesses are struggling.Read more:Story continues below advertisement “Alberta has sort of trended between the 20 and 25 per cent closure throughout the pandemic,” said Andrew Sennyah, CFIB’s senior policy analyst for Alberta.survey, with a margin of error of +/- 1.7 per cent, 19 times out of 20.“But when you address the long-term view for businesses, there is some optimism still.”
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