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45% Of Montreal Businesses Reportedly Lose Money For Every Day They're Open Right Now

The second wave is causing a major hit on small businesses in the city.

The second wave of COVID-19 in Quebec, which in turn has led to the second lockdown in various regions, has taken a major toll on Montreal businesses.

According to the latest survey conducted by the Canadian Federation of Independent Business (CFIB), 57% of Montreal businesses have seen a decline in sales as a consequence of the second wave.

And if that wasn't bad enough, 45% of businesses in the city apparently lose money for every day they're open during this time.

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Small businesses still haven't recovered from the first wave of COVID-19 lockdown measures.

Dan Kelly, CFIB President

It's not just Montreal that's feeling the hit, either.

According to the CFIB's survey, 46% of Quebec City businesses lose money for every day they're open, and 44% for Gatineau enterprises.

Businesses in both Toronto and Winnipeg seem to have felt the largest punch in Canadian cities recently, with 70% reportedly seeing a decrease in sales as "a result/fear of the second wave."

"An alarming 71 per cent of small business owners say that governments need to do a better job at reporting COVID-19 related health statistics in order to support consumer confidence," the president of CFIB shared in a press release.

"This needs to change."

This article's cover photo was used for illustrative purposes only.