Small businesses hit hardest by tariffs, CFIB finds

Small businesses hit hardest by tariffs, CFIB finds

New data from the Canadian Federation of Independent Business (CFIB) reveals that small businesses are being hit hardest by U.S. and Canadian tariffs on steel and aluminum (59 per cent), as well as Canada’s own retaliatory tariffs on other U.S. goods (58 per cent). In addition, nearly one-third of Canadian SMEs will be negatively affected by the loss of the $800 U.S. de minimis exemption. CFIB data shows that the trade war is squeezing small bus…

Nearly One In Five Small Businesses Dealing With Tariff Costs Won't Last More Than Six Months - Canadian Rental Service

New data from the Canadian Federation of Independent Business (CFIB) reveals that small businesses are being hit hardest by U.S. and Canadian tariffs on steel and aluminum (59 per cent), as well as Canada’s own retaliatory tariffs on other U.S. goods (58 per cent). In addition, nearly one-third of Canadian SMEs will be negatively affected by the loss of the $800 U.S. de minimis exemption. CFIB data shows that the trade war is squeezing small bus…

Small businesses under pressure as tariffs and trade changes threaten survival

The Canadian Federation of Independent Business (CFIB) says Canada’s small businesses are facing growing financial pressure from tariffs and trade changes. New data shows nearly one in five small businesses will not survive more than six months if the economy does not improve. Tariffs on steel, aluminum and U.S. goods are hitting firms hard, and the end of the De Minimis Exemption is adding more strain for smaller importers. Michelle Auger, Seni…

Nearly One In Five Small Businesses Dealing With Tariff Costs Won't Last More Than Six Months If Nothing Changes

New data from the Canadian Federation of Independent Business (CFIB) reveals that small businesses are being hit hardest by U.S. and Canadian tariffs on steel and aluminum (59%), as well as Canada’s own retaliatory tariffs on other U.S. goods (58%). In addition, nearly one-third of Canadian SMEs will be negatively affected by the loss of the $800 U.S. de minimis exemption. “Small businesses don’t have a lot of runway left. They are trying their …