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Small business confidence hits record low amid US. tariffs: CFIB
Small business confidence in Canada hit a record low in March, according to the CFIB, due to the trade war with the U.S. The CFIB's business barometer long-term index fell to 25.0, with more owners expecting weaker business performance. This pessimism is leading to reduced hiring plans, with 19% of small firms planning layoffs. The report is based on a survey of 1,065 CFIB members.
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