Small Businesses Struggle with Soaring Fuel Prices
Montreal News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Small businesses in Canada are facing a perfect storm of rising fuel prices and weak customer demand, according to the Canadian Federation of Independent Business. Fuel costs have surged by 14 percentage points in a month, with 50% of respondents citing it as their top pressure. This, coupled with other expenses like insurance, taxes, and wages, is forcing many owners to consider drastic measures such as layoffs or operational changes. As tensions in Iran persist, these cost pressures are expected to continue, leaving small operators bracing for tougher times ahead.
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