Canadian Businesses Worry About Surviving Amid COVID-19 Pandemic

Nickey Miller, left, and Josie Rudderham, co-owners of Cake and Loaf pose inside of their shop in Hamilton, Ont., Canada on Oct. 5, 2020. A new poll shows small business owners are considering their options as COVID-19 takes a heavy toll on their income. Tara Walton/The Canadian Press

Nearly a third of small and medium business owners worry that their businesses won’t survive a second wave of the COVID-19, a new poll says.

The poll, done by KPMG Canada (KPMG), says that 31 percent of small and medium sized business owners or decision makers are worried that they will not survive through a second wave due to lack of capital or access to financing. A further 11 percent of them do not have the ability to exercise either choice in the near future.