'It's just unmanageable, unbearable': Sask. small businesses feeling the pinch as unemployment rises for 3rd month in a row
While national job numbers have economists across Canada feeling optimistic – the story in Saskatchewan is not as uplifting. Unemployment is up for the third month in a row.
Canada’s economy may be creating more jobs than expected but businesses are still facing pressure from rising costs.
T + A Vintage, a small business in Regina, says those pressures will force it to close at the end of the month.
“The sales and the profit just aren’t quite there and the higher expenses between utilities, food costs and things like that,” owner Tim Weisgarber told CTV News.
“It’s just unmanageable, unbearable."
Saskatchewan’s unemployment rate now sits at 5.4 per cent, up 0.3 from August.
“Any small business owners you talk to will tell you that people in Saskatchewan are poorer than they were five years ago,” NDP MLA Aleana Young told reporters.
“Consumer confidence is down, spending is down, small businesses are struggling because households and businesses are struggling to pay the bills.”
While the provincial government didn’t deny the latest statistics – it was quick to turn the spotlight to the past and the NDP’s record.
“The fact of the matter remains that Saskatchewan has created more jobs so far this year, than during the entire 16 years the NDP were in power,” Minister of Trade and Export Development Jeremy Harrison said in a statement to CTV News.
“They actually lost jobs and population declined.”
The province’s sentiments is little consolation for Weisgarber and T + V Vintage.
“You know you fight for as long as you can but there comes a point where you have to back out and move on and so we made that decision and it’s a tough one to make,” he said.
“We have the best customers, the best vendors, the best staff and we want to thank everyone for supporting us over the last nine years.”
T + A Vintage’s story is not completely over.
The establishment plans to reinvent itself as a pop-up vendor at various marketplaces, thus eliminating some of the pressures faced by businesses with storefronts.
CTVNews.ca Top Stories
'Say it to my face': Singh confronts heckling protester on Parliament Hill
NDP Leader Jagmeet Singh confronted a protester for calling him a 'corrupted bastard' on Parliament Hill on Tuesday.
BREAKING Poilievre's first chance to topple Trudeau government expected next week
Conservative Leader Pierre Poilievre is set to get his first chance to topple Prime Minister Justin Trudeau's minority Liberal government next week, CTV News has confirmed.
Why it's 'very hard' to find work in Canada
Vacancies have steadily fallen since the glut of nearly one million open posts in 2022. At the time, one in three businesses had trouble hiring staff due to a labour shortage. Since then, vacancies have dropped.
Judge orders Sean 'Diddy' Combs jailed in sex trafficking and racketeering charges
Sean 'Diddy' Combs presided over a sordid empire of sexual crimes, coercing and abusing women for years while using blackmail and shocking acts of violence to keep his victims in line, according to an indictment unsealed Tuesday.
Hezbollah hit by a wave of exploding pagers and blames Israel. At least 9 dead, thousands injured
Pagers used by hundreds of members of the militant group Hezbollah exploded near simultaneously in Lebanon and Syria on Tuesday, killing at least nine people.
Two people charged in murder of Halifax teen; police believe remains have been found
Halifax Regional Police believe Devon Sinclair Marsman, who disappeared in 2022, was the victim of a homicide and two people have now been charged in his death.
BREAKING Canucks' Dakota Joshua reveals he is recovering from cancer
Vancouver Canucks forward Dakota Joshua revealed Tuesday he underwent cancer treatment over the summer, and will not be ready to play when the team’s training camp begins later this week.
How to prevent lung cancer, regardless of whether you smoke, according to a doctor
More people who have never touched a cigarette are getting lung cancer, but there are ways to prevent it, according to a doctor.
Liberals need to 'redouble efforts' after byelection losses, Trudeau ministers say
Prime Minister Justin Trudeau says he's going to 'stay focused' on governing after being handed his second byelection upset in recent months, as members of his front bench say they’re 'disappointed' in the party's latest showing at the polls.