Small-Business Confidence in Ontario on Steep Decline, Fuel Prices a Factor

Small-Business Confidence in Ontario on Steep Decline, Fuel Prices a Factor
A woman gasses up at a gas station in Mississauga, Ont., on Feb. 13, 2024. The Canadian Press/Christopher Katsarov
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Ontario’s business confidence level for the next 12 months saw a “disturbing” decline in April due to mounting costs, including the surge in fuel prices, according to a small-business advocacy group.

In an April 25 press release, the Canadian Federation of Independent Business (CFIB) said “insurance costs and fuel costs tied as the top reported cost constraint for Ontario small-business owners, followed by wage costs and tax/regulatory costs.”