Small Business Recovery Dashboard

As of September 13, 2022

Top worries for small business owners

FRANÇAIS

Source: 
CFIB, final results for the Your Voice – September 2022 survey, results from September 8-13, 2022, n = 1,947. For comparison purposes, a probability sample with the same number of respondents would have a margin of error of +/-2.2 %, 19 times out of 20.

*PEI and NL have fewer than 40 respondents, use with caution.

Businesses still holding debt taken on because of the pandemic

Businesses that have not recovered from pandemic-related stress

Businesses making less than their normal revenues

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Still under pandemic stress

Still under pandemic stress

With pandemic debt

With pandemic debt

Less than normal revenues

Less than normal revenues

Canadian small businesses

By province

Alberta

66%

81%

62%

Businesses making less than their normal revenues
Businesses that have not recovered from pandemic-related stress
Businesses still holding debt taken on because of the pandemic

British Columbia

60%

81%

58%

Businesses still holding debt taken on because of the pandemic
Businesses that have not recovered from pandemic-related stress
Businesses making less than their normal revenues
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Saskatchewan

54%

66%

44%

Businesses making less than their normal revenues
Businesses that have not recovered from pandemic-related stress
Businesses still holding debt taken on because of the pandemic

Manitoba

63%

84%

64%

Businesses making less than their normal revenues
Businesses that have not recovered from pandemic-related stress
Businesses still holding debt taken on because of the pandemic

Ontario

64%

80%

60%

Businesses making less than their normal revenues
Businesses that have not recovered from pandemic-related stress
Businesses still holding debt taken on because of the pandemic

Quebec

67%

72%

55%

Businesses making less than their normal revenues
Businesses that have not recovered from pandemic-related stress
Businesses still holding debt taken on because of the pandemic

New Brunswick

67%

72%

48%

Businesses making less than their normal revenues
Businesses that have not recovered from pandemic-related stress
Businesses still holding debt taken on because of the pandemic

Nova Scotia

65%

82%

51%

Businesses making less than their normal revenues
Businesses that have not recovered from pandemic-related stress
Businesses still holding debt taken on because of the pandemic

Prince Edward Island*

85%

46%

23%

Businesses making less than their normal revenues
Businesses that have not recovered from pandemic-related stress
Businesses still holding debt taken on because of the pandemic

Newfoundland and Labrador*

57%

83%

74%

Businesses making less than their normal revenues
Businesses that have not recovered from pandemic-related stress
Businesses still holding debt taken on because of the pandemic

70%

The overall economy

62%

Fall in consumer spending

50%

Business cash flow

48%

Physical health impacts

47%

Debt

Top worries

Special feature

Top reasons open businesses have below normal sales

58%

Fewer customers

18%

Staff unavailable

20%

Government restrictions limit business activities

27%

Operational challenges with online sales, processing times, shipping, supply chain, etc.

48%

Customers spending less

Methodology
Recovery spans for each sector are calculated by using the share of businesses that are already at normal revenues as of mid-September as a starting point, then applying the progress rate registered for each sector between June and September, in a linear forward fashion, until most businesses can reach normal revenues again. See the full results in CFIB’s report Are Canadian small businesses headed for an L-shaped recovery?.

*Provincial data is updated on a monthly basis. Please see source below for details.

Staffing issues persist for small businesses across Canada

Only 45% of Canadian small businesses are fully staffed.

Furthermore, 25% cannot find all the staff they need. This includes businesses that have difficulty recruiting, retaining staff, or getting them back to work or working the required hours.

The “Other” category (30%) regroups small businesses that do not have staff for this time of year (don’t typically have staff, new business, seasonal business) or that have a reduced demand for staffing compared to normal years, such as a temporary or a permanent slowdown in their activities.

Businesses still holding debt taken on because of the pandemic
Businesses that have not recovered from pandemic-related stress
Businesses making less than their normal revenues