According to the Canadian Federation of Independent Business (CFIB), agri-business sentiment remains near the bottom across all industries, with an index reading of just 53.3 points in April.
The CFIB data shows that regulatory challenges are a key driver behind declining confidence. Nine in 10 agri-businesses report concern about the future of Canadian agriculture due to regulatory burden, while nearly seven in 10 owners say they would not recommend starting a business in the sector.