'The threat of upcoming U.S. tariffs and political changes in Canada have installed a lot of fog in front of the windshield,' said CFIB's chief economist.
The threat of incoming tariffs and a trade war with the United States has many Canadians looking to support Canadian-owned businesses and keep their money north of the border. But as Meghan Cobb reports, it’s not as straightforward as simply switching brands.Small businesses have largely lost confidence since November, the month when U.S. President Donald Trump won re-election, according to the Canadian Federation of Independent Business .
The decline in confidence was particularly pronounced among exporting small businesses, who reported an 8.1 point drop over the past two months.Get breaking National news “The threat of upcoming U.S. tariffs and political changes in Canada have installed a lot of fog in front of the windshield,” said Simon Gaudreault, CFIB’s chief economist and vice-president of research, in a statement.
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