The latest survey from The Business Monitor explores the impact cost of living his having on Canadian businesses.
Canada’s business leaders report the impact is a major challenge.
Key findings in this release:
- Employee cost of living and housing affordability is affecting the vast majority of Canadian businesses
- Employees are struggling and the stress is having a negative impact on businesses
Very few businesses are not feeling the impact of employees struggling with the cost of living.
Almost 9 in 10 businesses say employees’ struggles with the cost of living and housing affordability is affecting their business.
Employees are struggling and stressed, while young talent is hard to find.
The majority of businesses across all regions report:
- Employees are struggling with the cost of living
- Employee stress from cost of living is having a negative impact on businesses
- Young talent availability is in decline
Discussion
Our public opinion research shows that Canadians are facing dramatic struggles with the increased cost of living and housing affordability. The consequences of this situation are now revealed to be having a serious impact on Canadian business.
Methodology
This edition of The Business Monitor was conducted from September 29 to October 15 using the Modus Business Panel – Canada’s only purpose-built, 100% probability-based B2B research panel. Because the Panel is built using random probability telephone sampling, it is valid to cite the margin of error for this survey. The survey is based on a representative sample of 604 Canadian managers and executives and has a margin of error of +/- 4.1% at a 95% confidence interval. The survey data are weighted by size and region according to the latest Statistics Canada data to help ensure representativeness for Canadian enterprises.
