Canadian Chamber of Commerce
The Retail Sector Among the Hardest Hit By COVID-19 According To Our Survey With Statistics Canada
As a non-essential service, and a sector that has traditionally relied on physical in-store contact, the retail sector felt the effects of closures and social distancing from the very beginning of the crisis. Almost 48% of retailers had lost more than 30% of revenue in the first weeks of the crisis and 50% had to lay off staff.
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As a non-essential service, and a sector that has traditionally relied on physical in-store contact, the retail sector felt the effects of closures and social distancing from the very beginning of the crisis. Almost 48% of retailers had lost more than 30% of revenue in the first weeks of the crisis and 50% had to lay off staff.
Learn more
Canadian Chamber of Commerce and Statistics Canada release Business Survey Results
“The survey is Canada’s first comprehensive view into how our businesses are adapting, managing or, sadly, failing as the COVID-19 shutdown continues. Insights from more than 13,000 businesses bring into focus the time pressures businesses face to avoid closing their doors permanently. At the same time, the survey also shows how quickly the businesses that can are adapting to social distancing and preparing for the re-opening of the economy. The survey will provide critical information for governments as they develop and deliver their programs,” said Trevin Stratton, Chief Economist at the Canadian Chamber.
Learn more
“The survey is Canada’s first comprehensive view into how our businesses are adapting, managing or, sadly, failing as the COVID-19 shutdown continues. Insights from more than 13,000 businesses bring into focus the time pressures businesses face to avoid closing their doors permanently. At the same time, the survey also shows how quickly the businesses that can are adapting to social distancing and preparing for the re-opening of the economy. The survey will provide critical information for governments as they develop and deliver their programs,” said Trevin Stratton, Chief Economist at the Canadian Chamber.
Learn more
Time Is Of The Essence: Job Numbers Show Urgent Need To Deliver Wage Subsidy -Canadian Chamber of Commerce
Top 5 Things SMEs Need to Know
To win this fight, we need every possible human and financial resource and we must be able to focus all of our attention on this struggle. More needs to be done to help businesses and workers through this crisis and maintain the connection between employers and employees. |
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