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Cision Canada
9 hours ago
- Business
- Cision Canada
Small Canadian exporters are covering cost of U.S. tariffs: CFIB urges government to release retaliatory tariff revenue if trade deal not reached by Friday Français
TORONTO , July 29, 2025 /CNW/ - Most small businesses are absorbing some or all of the costs associated with U.S. tariffs, according to new data by the Canadian Federation of Independent Business (CFIB). With a deadline for a new trade deal looming on August 1 , CFIB is calling on Ottawa to release Canada's retaliatory tariff revenues to support small businesses. On imports from the U.S., nearly seven in 10 small businesses paid the full Canadian tariff, with the median cost of $9,000 . On exports, 63% covered costs directly or shared them with their U.S. customers, paying a median of $25,000 . "It is clear that most small exporters have had to eat much of the cost of U.S. tariffs in order to keep their American customers," said Dan Kelly , CFIB president. Ottawa has collected billions in additional tariff revenue on U.S. imports compared to last year. "If no deal is reached by Friday, Canada must immediately return the revenue collected from our counter tariffs to small businesses to help them weather the ongoing harm and massive economic uncertainty," Kelly said. "Many have been holding out, delaying critical decisions hoping for enough certainty to plan for the future. Without an immediate deal, many are facing some terrible choices, including laying off key workers." CFIB has sent a letter to the federal government, urging it to consider several options to providing financial relief to businesses. These include a rebate program for affected businesses, a temporary reduction in the small business tax rate from 9% to 0% or lowering Employment Insurance premiums for employers. CFIB's latest petition , which has 10,000 signatures, also calls on Ottawa to deal with unfinished business and lower the costs of doing business. "So far, the federal government's announced support measures and tariff exemptions have fallen short of bringing desperately needed cost relief," said Corinne Pohlmann , Executive Vice-President of Advocacy at CFIB. "We also hope that the government will take a careful look at its counter-tariff plans when negotiations conclude. Although small businesses have been supportive of Canada's counter-tariffs while discussions are under way, ongoing tariffs would have permanent consequences on small businesses and the broader Canadian economy." Methodology Final results for the Your Voice July survey. The online survey was conducted online July 10-24 , number of respondents = 2,090. For comparison purposes, a probability sample with the same number of respondents would have a margin of error of at most +/- 2.14%, 19 times out of 20. About CFIB The Canadian Federation of Independent Business (CFIB) is Canada's largest association of small and medium-sized businesses with 100,000 members across every industry and region. CFIB is dedicated to increasing business owners' chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at . SOURCE Canadian Federation of Independent Business For media enquiries or interviews, please contact: Dariya Baiguzhiyeva, CFIB, 647-464-2814, [email protected]
Yahoo
15 hours ago
- Business
- Yahoo
Free trade carveouts key in potential deal between U.S. and Canada: business groups
Business leaders and academics say they hope to see Canada and the U.S. maintain free trade protections for most goods once an agreement is reached, even if the negotiations can't stave off certain sectoral tariffs. It's unclear if the two countries will stick to the Aug. 1 deadline for wrapping up talks, as Prime Minister Mark Carney said Monday negotiations were in an "intense phase" but U.S. President Donald Trump told reporters last week that Canada wasn't a priority for his administration. Whether a deal is announced Friday or later, Canadian Federation of Independent Business president Dan Kelly says his organization's members feel "a good chunk" of trade must remain tariff-free in order for talks to be considered successful. He says it wouldn't be a win for Canada if the trade agreement ends up looking similar to the deal struck by the U.S. with the European Union on Sunday. That framework imposes a 15 per cent tariff on most goods imported into the U.S., including European automobiles, and no carveouts for key products like pharmaceuticals and steel. Kelly says Canadian business leaders will also be watching to find out what levies will remain on imports from the U.S., noting Canada's ongoing retaliatory tariffs "are really crippling small businesses even more than the U.S. tariffs." This report by The Canadian Press was first published July 29, 2025. Sammy Hudes, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Global News
22-07-2025
- Business
- Global News
Canada Post strike ‘yo-yoing' has some businesses turning elsewhere: CFIB
As unionized postal workers vote on the latest and 'final' offers from Canada Post, it may be too little, too late for some businesses as a new survey suggests they are 'starting to leave for good.' The Canadian Federation of Independent Business (CFIB) released the results of a survey conducted through June and July of 2025 on how businesses have responded to the service disruptions at Canada Post amid the roughly 18 months of union negotiations and strike action. 'Yo-yoing in and out of strike mandates is causing Canada's small businesses — one of Canada Post's last groups of profitable customers — to leave for good,' said president Dan Kelly at the CFIB. 'Small business owners and other consumers need certainty. Thirteen per cent of small businesses permanently dropped usage of Canada Post during the 2024 strike and every time Canada Post goes on strike, more and more businesses leave forever.' Story continues below advertisement According to the report, the CFIB estimates the 2024 strike cost small businesses between $75 million and $100 million each day. Most businesses (71 per cent) responded to the disruptions by encouraging customers to use digital options, nearly half (45 per cent) turned to private couriers, while 27 per cent delayed mail. 'The number one thing we're hearing from business owners is that we have tons of uncertainty already with the Canada-U.S. trading relationship, and then if we add to that ongoing uncertainty with respect to whether or not the postal service is going to work, it's a huge impact,' says Kelly. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'There are lots of small businesses that are starting to leave for good.' 5:58 CUPW urges members to reject Canada Post contract vote Where do things stand? Members of Canada Post's largest union of postal workers are currently voting on the latest and 'final' offers from the Crown corporation, which could bring an end to the uncertainty. Story continues below advertisement Although the company has described these offers as 'final,' and a smaller union of postal workers ratified their own deal, the larger Canadian Union of Postal Workers (CUPW) has urged members to vote against it. If the deal is rejected by the workers it could prolong the negotiations and strike action. The voting period for the approximately 53,000 members of the Canadian Union of Postal Workers kicked off on Monday and will end on Aug. 1, with the offers from Canada Post including a wage increase, a signing bonus, and maintaining a defined benefit pension and job security. CUPW said on Monday that 'Canada Post's offers fall short of what postal workers have rightfully earned. They ignore the day-to-day realities we face on the work floor, fail to meet our key bargaining demands, and aim to weaken the protections we've fought hard to secure.' 0:44 Canada Post reaches deal with CPAA, its 2nd largest union Canada Post has been struggling financially for several years, with a recent report by the Industrial Inquiry Commission saying the company was 'effectively insolvent' as it loses market share to competition from private companies, including UPS, FedEx and Amazon, among others. Story continues below advertisement The report by the IIC found Canada Post lost $748 million in 2023, a 26-per cent increase from the $548 million lost a year prior.
Toronto Sun
21-07-2025
- Business
- Toronto Sun
As Canada Post workers mull strike, small business ready to abandon service
New CFIB study finds 63% of Canadian small business ready to say goodbye to Canada Post forever if postal workers go on strike again A Canada Post mail carrier delivers to a community mailbox in Calgary. Photo by Brent Calver / Postmedia Network OTTAWA — As Canada Post workers begin voting on a final contract offer with yet another strike looming, a new report suggests most small businesses are ready to permanently return Canada's postal service to sender. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account 'Yo-yoing in and out of strike mandates is causing Canada's small businesses — one of Canada Post's last groups of profitable customers — to leave for good,' said Dan Kelly, president of the Canadian Federation of Independent Business (CFIB.) 'Small business owners and other consumers need certainty.' The CFIB's report found that nearly two in three — or 63% — of Canadian small businesses are prepared to divest themselves completely from Canada Post if there's another strike. During the 2024 strike, Kelly said, 13% of small businesses stopped using Canada Post altogether, with many more expected to find more reliable alternatives if the 53,000 Canadian Union of Postal Workers (CUPW) members again choose to strike. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'Every time Canada Post goes on strike, more and more businesses leave forever,' Kelly said. Research carried out by the CFIB found that four out of five Canadian businesses still use Canada Post — nearly three-quarters use it for sending cheques, while 61% use it to send general mail. Over half, the report states, prefer Canada Post for its low cost, 50% for convenience — while only 25% considered Canada Post reliable, and only 9% reported good customer service. Recommended video Canada Post reported operating losses upwards of $1.3 billion in 2024, with revenues falling by $800 million compared to 2023. Voting on Canada Post's latest contract offer began early Monday morning and will run until Aug. 1. The Crown corporation's latest offer includes signing bonuses of up to $1,000, four years of wage increases — starting at 6% and evening out at 2% — and six new personal days. This advertisement has not loaded yet, but your article continues below. The latest offer also makes a number of concessions previously rejected by the union, including ending proposals for a new health benefits plan, post-retirement benefit changes and enrolling future employees in a defined contribution pension plan. According to the CFIB, the 2024 Canada Post strike — which halted mail delivery across the country from Nov. 15-Dec. 17 — cost small businesses upwards of $100 million per day. Corinne Pohlmann, executive vice-president of advocacy at the CFIB, said Canada Post is in need of massive reform. 'It's long overdue for the federal government to implement the well-studied changes that have been required for over a decade,' she said. 'Small business owners deserve a long-term plan and a postal service they can count on.' bpassifiume@ X: @bryanpassifiume Read More Celebrity Canada Toronto & GTA Other Sports World
Yahoo
21-07-2025
- Business
- Yahoo
As the CUPW votes on new deal, businesses are already leaving Canada Post
As Canada Post employees vote on a proposed new contract, many businesses have already given up on the crown corporation following a pair of work stoppages. The Canadian Union of Postal Workers (CUPW), which represents 55,000 Canada Post employees, is being forced to vote on a new deal despite not reaching an agreement in 18 months of negotiations. Canada Post has said its latest offer addresses employees' major concerns and builds on previous offers, though the CUPW says it 'outright ignored our positions' when it comes to the union's big concerns. These disruptions have taken a toll on Canadian businesses. In December, the Canadian Federation of Independent Businesses reported that the Canada Post strike was costing small- and medium-sized businesses about $76.6 million each day. Now, many are considering walking away from the service all together. The CFIB reported on Monday that 63 per cent of Canadian businesses are prepared to leave Canada Post permanently, and 13 per cent of small businesses already left the service during the 2024 strike. 'Yo-yoing in and out of strike mandates is causing Canada's small businesses — one of Canada Post's last groups of profitable customers — to leave for good,' said CFIB president Dan Kelly said in a news release. 'Small business owners and other consumers need certainty.' Currently, about 80 per cent of Canadian businesses use Canada Post for sending cheques and letter mail, according to the CFIB. When it comes to packages, Canada Post holds a much smaller market share, which has dropped from 63 per cent in 2019 to just 24 per cent today, according to the corporation's annual report. The CFIB data shows that 73 per cent of small businesses now rely on private couriers for package delivery. 'The current model at Canada Post is in dire need of massive reform,' Corinne Pohlmann, executive vice-president of advocacy at CFIB, said in the news release. 'It's long overdue for the federal government to implement the well-studied changes that have been required for over a decade. Small business owners deserve a long-term plan and a postal service they can count on.' While businesses might be prepared to walk away from Canada Post, individual Canadians appear willing to support it further. Canada Post to start voting on contract offer Canada Post reaches deal with second-largest union A recent poll from the Angus Reid Institute found that 61 per cent of Canadians would contribute a $20 annual subsidy to support Canada Post and its mandate of universal, cross-country service. 'Canadians do treasure their postal service, but at the same time, they are open to big changes,' Shachi Kurl, president of the Angus Reid Institute, said last month. With files from Naimul Karim and Gigi Suhanic Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
