Canadian small and mid-sized businesses expect to have to raise prices over the next year as supply chains continue to be squeezed. In a survey by the Canadian Federation of Independent Business, respondents on average anticipated a 3.9 percent hike in prices. Twenty-seven percent of businesses said they expected to implement increases of at least six percent. Another 19 percent estimated that increases would amount to five percent or more.
Small businesses brace for price increases
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