In April. Statistics Canada surveyed 12,000 businesses in order to gauge the impact of the pandemic – the results show that many Canadian businesses are struggling.
Although some businesses have been minimally impacted by COVID-19, the majority have seen significant decreases in revenue and have had to layoff staff or reduce their hours.
According to a BetterDwelling.com article, nearly 1 In 5 Canadian businesses laid off more than 80% of staff and half of the businesses surveyed can not operate without revenue for over 90 days.
Government income and rent relief should help many Canadian businesses. Read the article.
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