Daddy Moe was right. Enough is enough. Open the bloody economy already or this is whats coming. Not to mentioned a mental health tsunami on top of it.
Thousands of businesses in limbo waiting for a govt handout or filing for bankruptcy. If there is another CERB fund, I bet most take it and walk anyway. Our idiot in chief will spend $100B on climate garbage instead of throwing a life line to these guys.
https://financialpost.com/entrepreneur/one-in-six-small-business-owners-considering-closing-permanently-cfib-report-finds One in six small business owners considering closing permanently, CFIB report finds
The number of jobs put in jeopardy by the crisis ranges from 962,000 and 2.95 million
The CFIB estimates that the number of businesses whose viability is threatened by the pandemic could be as low as 71,000 or as high as 222,000 — between seven and 21 per cent of all businesses — depending on how the coming months unfold. The number of jobs put in jeopardy by the crisis ranges from 962,000 and 2.95 million, the association said, based on its projections.
So far, the concerns of small businesses do not seem to be translating directly into insolvency filings, according to a report this week from Statistics Canada.
In the third quarter of 2020, the number of insolvency filings under the Bankruptcy and Insolvency Act was unchanged from the previous quarter, at 474, and 13.8 per cent lower than the corresponding period a year earlier.
“This decline in insolvencies during the COVID-19 crisis could partially be explained by the government programs to support businesses and help them stay afloat during this difficult period,†the StatsCan report said, with loans and rent and wage subsidies being among the forms of aid that have been offered.
The figures suggest “corporations are waiting to see if more government aid is coming, before filing for insolvency,†the report said, adding that low borrowing costs for businesses could also go some way towards explaining the drop in insolvency filings.
Thousands of businesses in limbo waiting for a govt handout or filing for bankruptcy. If there is another CERB fund, I bet most take it and walk anyway. Our idiot in chief will spend $100B on climate garbage instead of throwing a life line to these guys.
https://financialpost.com/entrepreneur/one-in-six-small-business-owners-considering-closing-permanently-cfib-report-finds One in six small business owners considering closing permanently, CFIB report finds
The number of jobs put in jeopardy by the crisis ranges from 962,000 and 2.95 million
The CFIB estimates that the number of businesses whose viability is threatened by the pandemic could be as low as 71,000 or as high as 222,000 — between seven and 21 per cent of all businesses — depending on how the coming months unfold. The number of jobs put in jeopardy by the crisis ranges from 962,000 and 2.95 million, the association said, based on its projections.
So far, the concerns of small businesses do not seem to be translating directly into insolvency filings, according to a report this week from Statistics Canada.
In the third quarter of 2020, the number of insolvency filings under the Bankruptcy and Insolvency Act was unchanged from the previous quarter, at 474, and 13.8 per cent lower than the corresponding period a year earlier.
“This decline in insolvencies during the COVID-19 crisis could partially be explained by the government programs to support businesses and help them stay afloat during this difficult period,†the StatsCan report said, with loans and rent and wage subsidies being among the forms of aid that have been offered.
The figures suggest “corporations are waiting to see if more government aid is coming, before filing for insolvency,†the report said, adding that low borrowing costs for businesses could also go some way towards explaining the drop in insolvency filings.
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