Real gross domestic product (GDP) rose 0.4% in August, following a 0.1% decline in July. The continued easing of public health restrictions and further reopening across the country increased demand across many close contact service industries.
From October to early November 2021, Statistics Canada conducted the Canadian Survey on Business Conditions. The survey collects information on the environment businesses are currently operating in and their expectations moving forward.
Businesses expect to face a variety of obstacles over the next three months (see Note to readers) related to the rising cost of inputs; uncertainty in consumer demand; hiring and recruitment as well as those related to supply chains. The majority of businesses that are facing challenges acquiring inputs, products and supplies, either domestically or abroad, expect these challenges to persist for six or more months. Over the next three months, over half of businesses expect their profitability to remain relatively unchanged, just over one-quarter expect to increase the prices they charge and over three-quarters expect their number of employees to remain about the same.
Note to readers
Data from the Canadian Survey on Business Conditions are now available. The tables provide data at the national, provincial and territorial level by industrial sector, by employment size, by type of business and by majority ownership. Data are also available for the 20 largest cities in Canada by request.
Data in this release are from Statistics Canada's Canadian Survey on Business Conditions. Results from this survey are applicable to employer businesses in Canada. This survey is carried out on a quarterly basis to collect information from businesses in Canada more efficiently and rapidly compared with traditional survey methods.
The most recent survey was conducted from October 1 to November 5, 2021, and respondents were asked what their expectations would be over the next three-month period. As a result, those three months could range from October 1, 2021 to February 5, 2022, depending on when the business responded.
Statistics Canada would like to thank Canadians who took the time to answer questions for this survey at this time and enable a more robust understanding of Canadian businesses and the economy.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).