Story perspectives

Tariff Uncertainty Hits 18% of Canadian SMEs Hard

2/23/2025

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Summary

Story summary

Tariff uncertainty between the U.S. and Canada affects 18% of Canadian SMEs, with 34% experiencing order cancellations.
Over half of SMEs feel unprepared for tariff impacts, leading to delayed expansions and potential workforce reductions.
Immigrant-owned businesses face heightened vulnerability due to tighter margins and dependence on imports.
A significant 81% of small firms call on Parliament to tackle tariff issues and provide support.
Available resources include mentorship and financing programs to assist businesses in adapting.

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Story summary

Tariff uncertainty between the U.S. and Canada affects 18% of Canadian SMEs, with 34% experiencing order cancellations.
Over half of SMEs feel unprepared for tariff impacts, leading to delayed expansions and potential workforce reductions.
Immigrant-owned businesses face heightened vulnerability due to tighter margins and dependence on imports.
A significant 81% of small firms call on Parliament to tackle tariff issues and provide support.
Available resources include mentorship and financing programs to assist businesses in adapting.