Economic uncertainty playing a major factor in business decisions

Add economic uncertainty to the inflationary cost pressures and rising interest rate and the equation is just too much for some businesses to handle said Scott who noted the competition for talented workers and deglobalization may also be playing factors.

Despite the negative feeling towards the economy some businesses may have at the moment, according to the PG Chamber of Commerce President Ray Noonan there is reason for optimism.

“We do have a high employment rate, there is competition for talented people so incomes are still there,” said Noonan. “It really depends on how people react and how people decide to spend their buck.”

The project set by Cloudbreak Cannabis would have been the first of its kind across the globe. Prior to the cancellation, the project had gone through all regulatory approvals.

According to Gordon Duke, CEO and President of the Prince George Airport Authority despite the project never coming to fruition here, plenty of other Canadian airports have taken notice including Pearson International in Toronto.

by Caden Fanshaw

Economic uncertainty playing a major factor in business decisions

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