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Canadian Businesses Opt for Hour Cuts Over Layoffs

3/26/2025

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Summary

Story summary

A recent poll reveals Canadian small- and medium-sized businesses favor adjusting hours instead of layoffs due to the U.S. trade war.
The Toronto Region Board of Trade urges policymakers to focus on trade diversification and innovation incentives.
63% of businesses may postpone R&D investments as U.S. tariffs affect revenue.
Despite intentions to retain staff, economic disruptions from tariffs may still result in layoffs.

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Story summary

A recent poll reveals Canadian small- and medium-sized businesses favor adjusting hours instead of layoffs due to the U.S. trade war.
The Toronto Region Board of Trade urges policymakers to focus on trade diversification and innovation incentives.
63% of businesses may postpone R&D investments as U.S. tariffs affect revenue.
Despite intentions to retain staff, economic disruptions from tariffs may still result in layoffs.