News Karnataka
Saturday, October 08 2022
North America

Half of Canadian firms affected by conflict in Ukraine: Survey

Photo Credit :

Ottawa: Roughly half of Canadian firms expected to be affected by the conflict in Ukraine, results from a special business survey in March have showed.

In the interviews conducted on Monday by the Bank of Canada’s regional offices with the senior management of more than 100 firms selected to reflect the composition of the gross domestic product of Canada’s business sector, 77 out of 152 firms anticipated that they would be affected by the conflict, Xinhua news agency reported.

The most common expected impact is upward cost pressure, tied mainly to increased prices for energy and other commodities as well as further supply chain disruptions, the central bank said.

Among the firms expecting the conflict to increase their input costs due to supply chain disruptions, many depend on goods coming from Europe or Asia. They anticipated rising transportation costs and longer delivery times, beyond those related to the Covid – 19 pandemic, the survey revealed.

Other businesses expected delays and reduced availability of commodities. Many firms planned to pass conflict-related cost increases on to their customers, according to the survey results.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp