A person checks out the store closing advertising at the Hudson's Bay in Toronto, on Friday, May 30, 2025. Photo by THE CANADIAN PRESS/Nathan Denette

Businesses are feeling the pinch and are struggling to pay the bills as Canadians pull back on spending due to the ongoing economic uncertainty.

More than 286,000 Canadian businesses missed at least one credit payment in the second quarter of 2025, up 5.6 per cent compared to last year, according to the Equifax Inc. ’s Canada Business Credit Trends Report released on Tuesday.

“Small businesses are navigating a complex environment,” Jeff Brown, head of commercial solutions at Equifax Canada, said in a release. “We’re seeing sectors under stress, particularly those that represent industries tied to international trade and discretionary s

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