NS: Majority of small businesses opposed to new statutory holiday, says CFIB

Daily Business Buzz
Send to a friend

Send this article to a friend.

A recent survey conducted by the Canadian Federation of Independent Business reveals the additional statutory holiday will mean many small business owners will be working longer hours to make up the shortfall from lost sales/revenue, lost production and increased labour costs.

Business News

[HALIFAX, NS] - With Nova Scotia’s new, as-yet-unnamed statutory holiday set to debut at this time next year, many Nova Scotia residents are looking ahead to the addition of a long weekend in 2015.

However, a recent survey conducted by the Canadian Federation of Independent Business (CFIB) reveals the additional statutory holiday will mean many small business owners will be working longer hours to make up the shortfall from lost sales/revenue, lost production and increased labour costs.

When small business was asked what impact the new statutory holiday will have on their business, 52 per cent cited lost sales/revenue, and another 29 per cent indicated their business will have to operate longer hours to make up the shortfall.

As one business owner said, “The cost of running a small business in this province is already extremely difficult — adding another paid holiday during one of the slowest months of the year is going to make it even harder to make ends meet.”

“While the provincial government has argued this mid-winter break is key to Nova Scotians’ wellbeing, over a third of small business owners report they’ll be putting in extra hours to account for the new holiday,” said Jennifer English, CFIB’s senior policy analyst for Nova Scotia. “Not only will these entrepreneurs be scrambling to afford the holiday, they’ll also be working even harder than usual to manage around it.”

A solid majority of small business owners (56%) are opposed to this new holiday, noted English.

“It’s disappointing government did not consult with the province’s job creators before moving forward with this decision,” said English.

Organizations: Canadian Federation of Independent Business

Geographic location: Nova Scotia

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • Catherine Reid
    February 17, 2014 - 20:36

    I wonder how many working people really benefit from another stat holiday...only if you work full-time or are on salary will you enjoy a paid day off. For many, many part-time and self-employed workers it means a loss of work/pay, in a short month fraught with days often lost due to weather. Not sure that a day off in February is as welcome as some might think.