9 Mar 2011

Canada business owners wary of risk as economy recovers

While the Canada weathered the global recession better than most countries, Canadian business owners aren’t ready to purchase new facilities and unpack their Toronto storage units packed with office supplies just yet.

According to the American Express Small Business Monitor, a survey conducted by Angus Reid Public Opinion, just 16 percent of small business owners are willing to take a “significant” or “above average” risk this year. That’s down 9 percent from the 25 percent willing to fully unleash their entrepreneurial spirit last year.

“Small business owners have been patiently waiting for business to pick up,” said Eric Nielsen vice president of Small Business Services Canada, American Express Canada. “The reports of recovery and anticipation of a market upswing have yet to fully materialize.

On the positive side, Nielsen says small business owners at the very least believe their financial situation are now more stable than they have been.

“Stable” appears to be the operative word for Canada’s economic climate. Earlier this month, representatives from Scotiabank said the real estate market will be balanced overall this year, as demand is expected to decrease in the latter part of 2011.

Be Sociable, Share!

Related Articles [3]

5 Reasons to Consider Renting a Self-Storage Unit for Your Ecommerce Business

January 26th, 2022
When renting offsite storage space for your online business, you might be thinking of alternative storage solutions that save you money while still being convenient and safe....

15 Storage Hacks for Your Business

February 21st, 2020
Your business running out of storage space to keep inventory, equipment, documents, or any other items is a good problem to face. It means that your company is growing, and...

How Self-Storage Can Improve Your Business Bottom Line

January 7th, 2020
Every modern business is looking for new ways to boost productivity, cut expenses, and increase profits. Currently, businesses in Toronto, and especially small businesses,...

Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

Leave a Comment

Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL