As businesses still recover from the COVID-19 pandemic and deal with the repayment of the Canada Emergency Business Account (CEBA), some are now also struggling with rising costs.
CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline timescolonist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timescolonist.com Daily Mail and Mail on Sunday newspapers.
Roughly 200,000 small businesses took on new debt to refinance their Canada Emergency Business Account loans to access the forgivable portion of the loan, says the Canadian Federation of Independent Business.