Despite recent economic uncertainty both in Canada and around the world, 66% of small business owners say they are extremely or very optimistic about the future of their business, a new survey shows.
The impact of inflationary pressures and high interest rates are top of mind for many business owners. Even with these concerns, 76% of business owners report the state of their business is better or at least the same as two years ago, according to Scotiabank’s 2023 Path to Impact Report.
The full report can be read here. Here’s a closer look at some of the Path to Impact report’s findings:
Methodology: Scotiabank’s annual Path to Impact Report was conducted on behalf of Scotiabank by Maru Public Opinion and its sample and data collection experts at Maru/Blue. A total of 1,691 financial decision makers at Canadian businesses with annual revenue between $50,000 and $5 million responded to the survey between June 26 and August 11, 2023. The survey was conducted in both English and French.
