Half of Canadian small businesses have lost faith in U.S. as trade partner

New survey data by the Canadian Federation of Independent Business (CFIB) indicates a third (32 percent) of Canadian small business owners have already shifted to suppliers/markets within Canada, and 27 percent plan to increase their investment in Canada, according to a release. The data also showed that a third (33 percent) intend to reduce efforts in the U.S. over the next six months. Small businesses are also promoting Canadian-made products, delaying/cancelling expansion plans, and exploring international alternatives.

 

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