Rising input costs remain the number one concern for Canadian businesses, with 43% identifying them as the biggest near-term obstacle. At the same time, the vast majority of businesses (87%) don’t expect their profitability to improve in the next 6 months, with one third expecting their profitability to fall into the New Year. These results suggest a significant part of private sector businesses will be standing still or even sliding backwards in the months ahead.
(OTTAWA) – October 26, 2021 – The Canadian Chamber of Commerce’s President and CEO, Honourable Perrin Beatty, issued the following statement on the swearing in of the new cabinet.
“I want to congratulate all appointed and re-appointed members of the new cabinet on their portfolios. This new cabinet comes at a critical time in our country’s history.
Now the real work begins. Businesses and the Canadians they employ are keen to see Parliament resume business in order to finish the fight against COVID and deliver the measures that will drive sustainable economic growth. The Canadian Chamber issued our mandate letters to Ministers last week and released our What it Takes to Grow platform over the summer to set out what businesses across the country need to see as the engines of job creation. This includes a competitive tax and regulatory system, providing the talent that companies need, getting ready for an digitalized economy, building infrastructure to connect us to global markets, and setting out a clear foreign policy. We encourage the government to use its Throne Speech and Fall Economic Statement to articulate its plan.
We call on the government to act with urgency and work closely with the business community in the coming weeks. The Canadian Chamber stands ready to work with the new government in delivering an ambitious plan that will benefit businesses of all sizes.”
About the Canadian Chamber of Commerce – Because Business Matters
The Canadian Chamber of Commerce helps build the businesses that support our families, our communities and our country. We do this by influencing government policy, by providing essential business services and by connecting businesses to information they can use, to opportunities for growth and to a network of local chambers, businesses, decision-makers and peers from across the country, in every sector of the economy and at all levels of government, as well as internationally. We are unapologetic in our support for business and the vital role it plays in building and sustaining our great nation.
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