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.
Read Employment E-News – May 2020 – We Are Working to Serve You!
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