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