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New Data Reveals Challenges for Canadian SMB’s, Surge in New Business Originations By Investing.com ...Middle East
A new report by Equifax (NYSE:) Canada reveals a complex financial landscape for small and medium-sized businesses (SMBs) in the country. The study found that 64% of SMBs consider cash flow management as a pressing concern, with uncertainty about the upcoming holiday season cited as a major factor. Additionally, 53% of SMBs struggle with limited access to business financing, and 18% have faced past bankruptcy or insolvency. Rising interest rates are also causing financial strain on businesses, with 75% having raised their rates or pricing and 69% believing these rates negatively impact their businesses. Furthermore, 57% of SMB owners reported having customers who are past due on payme
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