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Trade worries and economic uncertainty putting pressure on Canada's solopreneurs: EQ Bank survey
Trade worries and economic uncertainty putting pressure on Canada's solopreneurs: EQ Bank survey ...
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[{"type":"text","content":"\n\n\nTrade worries and economic uncertainty putting pressure on Canada's solopreneurs: EQ Bank survey\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nHalf (51%) of solopreneurs say current global trade environment is having an equal or greater impact on their business than aftermath of the pandemicOne-quarter (24%) worry about their business' financial future, and one-third (32%) contemplate closing their business at least occasionallyNearly two-thirds (60%) feel they aren't recognized as business owners compared to larger businesses, and half (51%) don't feel valued as Canada's economic backbone Despite headwinds, most (69%) say they would still choose to start their business knowing what they know now about today's economic environmentTORONTO, Oct. 30, 2025 /CNW/ - EQ Bank today released a new survey that showed many Canadian solopreneurs – individuals who run their business on their own – face mounting financial pressures in a complex economic environment and often feel overlooked within the broader small business community. Despite these hurdles, most say they would choose the same path again, underscoring the resilience that defines this vital part of Canada's economy.\n\n\n\n\n\n\n\nThe national survey of solopreneurs and micro business owners (one to nine employees), conducted by EQ Bank among members of the online Angus Reid Forum, highlights the urgent need for greater recognition, stronger support and more accessible, rewarding financial solutions that help them succeed.\n\"Today's environment is putting immense pressure on many solopreneurs and small business owners who are adapting to new realities in trade, costs and competition every day,\" said Dan Broten, SVP and Head of EQ Bank. \"Their contribution to Canada's economic fabric is enormous, and it's important we continue to find innovative ways to better support them. For EQ Bank, that meant designing a business banking platform nimble enough to meet their rapidly changing realities with the value they deserve.\"\nEconomic turbulence echoes post-pandemic hardships for man...