Eligible PIJAC Canada members receive a CFIB membership free each year to provide our businesses with a wealth of tools, resources and money saving opportunities.
Top Member Issues for September
The top questions coming to our Business Advisors this month were on the Credit Card Class Action Suit, statutory holidays (Labour Day, the Queen’s Day of Mourning, National Day for Truth and Reconciliation), and employee leaves of absence, including sick leave. This is a change from staffing and financing questions last month, although these remain ongoing concerns for most small businesses.
CFIB’s September Business Barometer® data
Canada’s small business confidence over the short and long-term declined minimally in September, despite being already at modest levels.
CFIB’s Business Barometer® short-term index, based on 3-month forward expectations for business performance, decreased to 49.5 barely a half point lower than in August. The long-term optimism index, which is based on a 12-month outlook, shaved one point and reached 52.5.
CFIB’s New Inflation Report
CFIB’s new Inflation Report shows 70% of small business owners expect interest rate hikes to have a negative impact on their operations. 79% raised their prices more than usual in the past year to compensate for rising costs.
New! CFIB’s Workplace Wellness Hub
In collaboration with PrimaSure, we’ve been able to create a new resource centre with useful tips and practical advice on how to introduce wellness in your workplace. You can access free downloadable policy templates and posters about stretching, grounding, and tension relief now. Recording of the recent CFIB webinar is available there. Videos on strategies for coping with stress & burnout at work will be available to watch early October.
Emphasizing wellness in your workplace can support employee retention and pays dividends in terms of happy, healthy, and productive employees!
New! Succession Start Hub & exclusive SuccessionMatching discount
Business succession on the horizon? Not sure how to valuate your business? CFIB’s new Succession Start centralizes tips, advice, and templates to help members start planning their transition. We’ve partnered with SuccessionMatching to get CFIB members a 50% discount on their formal succession plan program, including a 1-year-free membership to find a buyer.
Planning ahead and finding the right buyer will help members maximize the value of their business for their retirement and ensure the business is set up to thrive after they exit. We’ll also be releasing a new report during Small Business Week. Giving you a teaser – our research shows a massive turnover of businesses in the next decade and a lot of work needed to support these businesses through that journey. Small Business successions will have a big impact on our economy.
CFIB’s Cybersecurity Academy will launch in October in partnership with Mastercard, to bring much-needed cybersecurity advice and training to small businesses.
October 6 – The Economic Outlook for Canadian Small Businesses (October 12 in French) Register now!
October 11 – Succession: Planning for the Transition of Your Business (October 19 in French) Register now!
Getting ready for Small Business Saturday on November 26th
We hosted a webinar for business owners on how to use ‘shop local’ marketing & events to promote their business to customers. We’ll send them our Small Business Saturday Toolkit next month to help put their ideas into action!