1 in 5 businesses won’t survive another six months: Canadian Federation of Independent Business report blames tariffs

By Sonia Aslam
CityNews Everywhere
August 21, 2025
Category: Business & Politics
Region: Canada, Canada West

Canadian business owners are sharing growing fears that things could go from bad to worse if the U.S.-imposed trade war doesn’t end soon. New data from the Canadian Federation of Independent Business (CFIB) shows those business owners are being hit the hardest, particularly in B.C. “Two-thirds of B.C. businesses import or export directly to the United States, and when you look at those who do so indirectly, so they buy from importers or exporters, that number jumps up to 80 per cent of all businesses exposed to trade with the United States. So, that’s a huge number,” Ryan Mitton, director of Legislative Affairs in B.C. at the CFIB said. He adds that the situation appears even more grim for hard-hit industries like steel and lumber.  “…one in five in BC have been impacted by softwood lumber tariffs, and that’s the highest rate of all the provinces in Canada,” he adds.

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