The outlook of rural businesses, first quarter of 2025 / by Jacqueline Ha. : CS21-006/12-3E-PDF

"Cost-related challenges continue to be a key concern for rural and small town businesses, though there are indications of easing compared with the previous quarter. Inflation remains the most reported obstacle for rural and small town businesses, followed by the cost of insurance and cost of inputs; Labour shortages and employee recruitment and retention challenges persist for rural and small town businesses. In response, businesses are assessing adjustments to wages and training investments to address these pressures over the next 12 months; While some rural and small town businesses saw revenue growth in 2024 compared with 2023, there are concerns about profitability and rising operating expenses. Reports of supply chain-related challenges also increased, with rural and small town businesses expecting these difficulties to continue"--Key highlights, page 3.

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