Canadian businesses continue to struggle amid pandemic
Published November 3, 2020 at 11:45 pm
Now that we’re approaching four weeks of additional restrictions for Toronto, Peel Region, and Ottawa—and three weeks for York Region—many businesses are feeling the effects.
According to a recent survey from the Canadian Federation of Independent Businesses (CFIB), 66 per cent of Canadian businesses are currently open, compared to 72 per cent two weeks ago.
Additionally, 42 per cent are fully staffed, compared to 48 per cent two weeks ago, while 28 per cent are making normal sales, compared to 30 per cent two weeks ago.
“It is concerning to see small business recovery take a step back just as we enter the holiday shopping season. Many businesses rely on the next several weeks to earn a significant proportion of their revenues. This year, that will be especially critical, as small businesses have suffered extensive losses,” Corinne Pohlmann, senior vice-president of National Affairs at CFIB, said in a news release.
Further, only 11 per cent of hospitality businesses—such as restaurants and hotels—are currently open, while only 9 per cent of arts and recreation businesses—such as gyms and venues—are currently open.
“Shopping small is its own reward: you get the satisfaction of supporting the local economy, keeping good jobs in the community and finding great services and products,” Pohlmann said.
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“I would encourage all Canadians to nominate their favourite small business and in doing so, we will reward one small business supporter every week until November 29,” she added.
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