Greater than half of agricultural companies recognized inputs as a significant problem, alongside about 4 in ten in each manufacturing and lodging and meals companies. When compelled to select the one greatest problem for the following quarter, 13% pointed to inflation, 10% to recruiting expert employees, and 6% to enter prices.
Tariffs are additionally shaping enterprise selections and prior to now six months 1 / 4 of companies handed tariff-driven price will increase onto clients, whereas 4 in ten absorbed them, though long term this may increasingly shift.
Virtually 40% count on they must increase costs over the following yr, whereas greater than 1 / 4 don’t anticipate tariff-related will increase in any respect. A couple of in 5 firms shifted advertising efforts to focus on Canadian-made merchandise, with retailers main the best way.
Regardless of the pressures, two thirds of companies say they’re optimistic concerning the subsequent 12 months, solely barely beneath final quarter’s stage.
Greater than half consider they may proceed working and preserve staffing for no less than a yr underneath present tariff circumstances. Brief-term gross sales expectations are blended: about 14% foresee good points within the subsequent three months, whereas 19% count on declines.