2023 Q4 Canadian Survey on Business Conditions Report by BDL

Industries facing stronger labour challenges, such as accommodation
and food services, are more likely to raise prices.
Expect to raise prices, next three months
% of respondents, by industry
40
35
Accommodation, food services
30
Wholesale trade
25
20
Professional services
Construction
Arts, entertainment Other services
Mining, oil & gas
Retail trade
Information, culture
Transportation, warehousing
Manufacturing
Admin. services
Raise price = 0.60 + 0.57 *labour challenge
R² = 0.51
15
Real estate
Finance, insurance
Agriculture, forestry
Health care, social assistance
10
25 30 35 40 45 50 55 60
Expect labour-related challenges, next three months
% of respondents
Source: Statistics Business Canada, Data Lab <strong>Canadian</strong> analysis based <strong>Survey</strong> on on Statistics Business Canada’s Conditions,
<strong>Canadian</strong> <strong>Survey</strong> on Business Conditions;
15,963 15,224 15,976 businesses responses surveyed in in July October January and and August November February <strong>2023</strong>.
<strong>2023</strong>.
<strong>Canadian</strong> Chamber of Commerce | Business Data Lab
23