Staff
The severe weather that has affected some parts of Canada this winter has hurt a quarter of the country’s small businesses, according to a study.
The Sage Canadian Small Business Weather Survey shows that the biggest problems resulting from this year’s adverse weather have been lower revenue, lower productivity and lower profit.
Only 25% of businesses had a bad-weather plan in place this winter.
The most common reaction from small businesses to the adverse weather has been to reduce head count and reduce employee hours.
Conducted in February 2014, the study polled 459 Canadian businesses.