TORONTO, Sept. 29, 2023 /CNW/ – Over half (51%) of small business owners now say borrowing costs are causing difficulties for their business, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer®. This indicator has surpassed its historical average of 22% and is at its highest point since CFIB began tracking it in 2009. Following a sharp increase in two months, a record share of businesses (36%) also cited a shortage of working capital as one of their biggest limitations on growth. Many businesses were having difficulties with other costs in September: 67% (+9% since August) of businesses reported that fuel and energy costs were causing difficulties
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