By Staff
February 3rd, 2021
BURLINGTON, ON
Anita Cassidy put it bluntly when she said, “It is not a pretty sight”.
In an update report to the Corporate Services, Strategy, Risk and Accountability Standing Committee, Cassidy reported that:
181,000 Canadian small businesses consider shutting down permanently
• CFIB (Canadian Federation of Independent Business) estimates 1 in 6 Canadian small business owners consider permanently closing
– Ontario could lose close to 75,000 businesses
• Economy risks losing 2.4 million jobs, equal to 20% of all private sector jobs
– Ontario can see over 873,000 jobs lost
• Businesses in the hospitality and arts and recreation sector most at risk
– 1 in 3 businesses considering closing.
Small Business Recovery will be an average of 1 year 5 months (across all sectors)
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To think that the vast majority of this could have been avoided by, actually following the Science, instead of virtue signalling gobbledygook a year ago.
It speaks volumes about the people who are elected and supposedly leading us.
New Zealand closed their borders and have a death toll in the order of 10’s as opposed to Canada with a death toll in the order of 10’s of thousands.
With no clear or defined End in sight.
Totally agree!