Worker Scarcity in Canada and What Businesses Can Do to Respond
Almost 40% of Canadian entrepreneurs are already having difficulty finding the workers they need. And there’s no relief in sight for at least a decade.
As a result, some companies are unable to fill customer orders or even have to refuse them. Quality is suffering and competitiveness is declining.
BDC surveyed more than 1,200 entrepreneurs about how a worker shortage is impacting their business. We found affected firms are 65% more likely to be low-growth businesses.
