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How Will Inflation Affect Your Small Business?
It's hard to ignore inflation and the knock-on effect it can have on our lives. The inflation rate in Canada was at a record high of 8% in July 2022 compared to previous years. Although it has slowed down over the past few months, it's higher than the norm, and everyone is feeling the pinch. It's particularly the case for some small business owners who don't usually have an emergency fund to cushion their businesses.
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