Canadian Businesses Slow Capital Investments

This is a Canada news story, published by financialpost, that relates primarily to Ben Cousins news.

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Canadian small businesses

financialpost

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Posthaste: Small business investment set to shrink in another blow to productivity, CFIB warns

Summary

Nutrition label

75% Informative

32 per cent of Canadian small businesses plan to slow their capital investments over the next two years .

Investments in machinery and equipment declined by 13 per cent between 2013 and 2023 when adjusted for workforce size.

Canada has been struggling with lagging productivity since at least the start of the pandemic, with the country now at the bottom of the G7 when it comes to this metric.

The CFIB is calling on governments to reduce corporate income taxes and improve the permitting process.

Posthaste was written by Ben Cousins , with additional reporting from Financial Post staff, The Canadian Press and Bloomberg . Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at [email protected]. Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters here.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful