Similar to the US, Canadian small businesses are having a difficult time finding qualified employees to help expand their operations.  “A record 47 percent of respondents to a monthly survey by the Canadian Federation of Independent Business said shortages of skilled employees is limiting their growth. The rate was 38 percent at the end of last of the year.”

Like the US, unemployment in Canada has hit record lows which has been a boon for job seekers.  Due to the hiring struggles, the “share of businesses planning to increase full-time employment falling to 16 percent, the lowest in a year.”

A booming economy can also mean an expansion slowdown for many small firms if they cannot fulfill hiring needs.  “The CFIB’s index of small business confidence fell in October even after Canada reached an agreement with the U.S. and Mexico on a new North American trade pact. The index dropped to 60.5, from 61.4 in September.”