2024 is drawing to a close, marking approximately five years since COVID-19 began to spread around the globe, causing significant social, economic and political shifts. While the virus itself has faded from the headlines, many of the economic issues that came to the fore during this time continue to impact the sector in its daily work serving communities. In this blog, we check in on where the sector is compared with one year ago when it comes to labour issues, finances and demand. This analysis is mainly focused on a comparison of the third quarter results from the Canadian Survey of Business Conditions in 2023 and 2024.
Happily, there are some positive signs; in the latest results of the Canadian Survey of Business Conditions, 28% of nonprofits reported that they are anticipating no challenges over the next three months, compared to 22% a year ago.1 The sector is also becoming more hopeful; 95% say that they are optimistic about the future this year, compared to 88% last year.2…