New survey shows no relief from rising costs for businesses ahead of BOC rate announcement: Canadian Chamber of Commerce
The Chief Economist of the Canadian Chamber of Commerce, Stephen Tapp, issued the following statement on the latest results from today’s data release of the Canadian Survey on Business Conditions (CSBC), a Canadian Chamber of Commerce/Statistics Canada initiative.
“The top obstacles for Canadian businesses continues to be rising input costs, difficulties hiring workers, and supply chain challenges. Rising costs remain by far the number one obstacle for Canadian business right now,” said Tapp. “These cost pressures will continue to fuel inflation, which will add further pressure for the Bank of Canada to continue raising interest rates at a super-sized pace in their attempt to bring inflation under control,” he added.
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Bringing about positive change with the Indigenous Employee Resource Group
Growing up in Grande Prairie, Alberta, located in the Peace Region in Northern Alberta, I was proud to be part of the Métis Nation of Alberta.
Although none of my family members worked in banking, when it was time for me to think about a career, I was drawn to the industry. For 11 years, I enjoyed rewarding work in retail and commercial banking for financial institutions both large and small.
When I joined BDC, it was partly because I wanted to apply my skills to supporting Indigenous entrepreneurs. I appreciated that there was a customized offering, the Indigenous Entrepreneur Loan, for Indigenous business owners, and a portion of the interest revenue from each loan is donated to a charity of the entrepreneur’s choice. But what really ignited my interest was the opportunity to work with leaders who are Métis.
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