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newsApr 16, 20261:16

Canada's Entrepreneurial Drought: Steel & Needle Bucks Trend

About this episode

Canadas Small Business Crisis: A Tale of Two Stories - The Canadian Federation of Independent Business reports a six-quarter decline in small business openings, with closures outpacing new starts. Street crime, high taxes, and red tape are pushing owners to the brink. However, in Calgarys Mission, Kat Lee and Ella Pinkowski defy the trend with their new tattoo and piercing studio, Steel and Needle. The CFIB urges Alberta to cut gas tax and ease property taxes, while the province boasts a high small business growth rate and job creation. Steel and Needles grand opening this Saturday symbolizes resilience amidst adversity.

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Canada's Entrepreneurial Drought: Steel & Needle Bucks Trend

Calgary News Today | 2 Min News | The Daily News Now!

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Full transcript

Calgary News Today | 2 Min News | The Daily News Now!Canada's Entrepreneurial Drought: Steel & Needle Bucks Trend. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's April 16. From your city to your ears, this is Calgary News today, powered by AI. I'm Cory with the story. Canada's stuck in an entrepreneurial drought, according to a fresh report from the Canadian Federation of Independent Business. For six straight quarters, more small businesses have shut down than opened up nationwide. Clojus hit 5.6 percent, while New Starts lag at 4.8 percent. These owners face a triple threat of street crime, sky-high taxes, and endless red tape from all government levels. In Alberta, more than half of small business folks say they wouldn't recommend launching anything right now. That said, not everyone's waving the wife flag. In Calgary's mission neighborhood, Catley and Ella Pinkowski just opened their tattoo in piercing studio, steel and needle, bucking the trend with. Pure grit. The CFIB is pushing Alberta to slash the gas tax before July, and ease up on property taxes. Meanwhile, the province's government fires back, boasting twice the national small business

growth rate and over 100,000 new jobs added. From March 2025 to March 2026, steel and needle's grand opening hits this Saturday on Forestry Southwest, a bright spot proving that bold moves can still cut through the noise.

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