Hiring Difficulties Hamper Growth for Canadian Businesses: Study

Hiring Difficulties Hamper Growth for Canadian Businesses: Study
A masked worker walks behind a hiring sign on his way into the Dover Cliffs long term care home in Port Dover, Ont. on Nov. 13, 2020. The Canadian Press/Frank Gunn
Andrew Chen
Updated:

Employers are having a hard time hiring workers, are pushing them to work longer hours, and are rejecting new orders, which is hampering growth for the majority of Canadian businesses, a new study says.

Published by the Business Development Bank of Canada (BDC), the study (pdf) found 55 percent of small and medium-sized businesses in Canada are struggling to hire the workers they need, with 64 percent of entrepreneurs reporting that the labour shortage is limiting their growth.