Canadian small business owners are not feeling confident as costs climb. Economic challenges have pushed Canadian business confidence down from 69.9% in 2024 to 58% in 2025 according to the 4th annual Small Business Confidence Index from Zensurance.

More than 1000 small business owners were surveyed and for many rising operational costs is their number one challenge. However, about 40% of those surveyed are looking at new markets to offset current challenges.