Canadian Businesses Worry About Increasing Debts Amid COVID-19 Pandemic

Canadian Businesses Worry About Increasing Debts Amid COVID-19 Pandemic
A near-empty bar is seen in Montreal, on July 9, 2020. Paul Chiasson/The Canadian Press
Isaac Teo
Updated:
Canadian businesses are trying to clean up their balance sheet after seeing a drastic drop in revenues and mounting debt during the first wave of COVID-19, a new study says.
The study from Business Development Bank of Canada (BDC) says the top priority of business owners is getting their financial houses in order, including reducing operating costs and improving cash flow.