Up to 225,000 Small Businesses in Canada Won’t Survive a Second Lockdown: CFIB

Up to 225,000 Small Businesses in Canada Won’t Survive a Second Lockdown: CFIB
A lone person walks past closed businesses in Kensington Market in Toronto, Canada, on April 15, 2020. Nathan Denette/The Canadian Press
|Updated:

Small businesses that remain “fragile” after widespread lockdowns in the spring likely won’t be able to survive a second lockdown without more help from the government, the Canadian Federation of Independent Business (CFIB) is warning.

The CFIB issued the statement this week as some cities and provinces are mandating increased closures amid spiking COVID-19 cases. Manitoba’s new rules go into effect today that will see its gyms, hair salons, and most businesses not deemed a critical service shuttered. Toronto announced this week it would extend its ban on indoor dining into December, while Quebec is partway through an extension of a second 28-day partial lockdown.