Strikes, low demand, skilled-labour shortage among factors holding B.C. businesses back CFIB

The Canadian Federation of Independent Businesses (CFIB) reports diminishing optimism among small businesses in British Columbia, driven by insufficient demand and a lack of skilled labor. These issues have persisted despite the vocal concerns surrounding the BC General Employees’ Union strike. Kalith Nanayakkara, a senior policy analyst at CFIB, emphasizes the urgency of these challenges, particularly as the Finance Minister projects a record-high deficit of nearly $11. 6 billion for the first quarter of the 2025-2026 fiscal year. Small business owners express a strong desire to avoid tax increases to cover this deficit.

They are calling on government officials to take action by lowering taxes, cutting red tape, and reforming regulations to stimulate economic growth. The CFIB encourages British Columbians to support local businesses as they face these ongoing hurdles. These difficulties reflect broader economic concerns and the impact of external factors like the trade war with the United States. Ultimately, addressing these issues is crucial for the sustainability of small businesses in the province.