One In Three Small Businesses In Quebec Say They'll Run Out Of Cash By The Summer

An online petition asks for more government support.
One In Three Small Businesses In Quebec Say They'll Run Out Of Cash By The Summer

One-third of small and medium-sized businesses in Quebec — 34% — say they will run out of cash before this summer, according to a recent survey by the Canadian Federation of Independent Business (CFIB).

Of them, 15% say they'll run out of essential funds needed to cover their company's daily expenses within the next one to three months.

Editor's Choice: 6 Jobs To Apply For In Quebec Right Now With An Annual Salary of $100,000 Or More

16%  Say their business is not doing as well compared to the first wave

As well, two in five Quebec business owners — 37% of survey respondents — say their business was already in trouble before new economic restrictions were implemented.

Asked how the Quebec government could best help small and medium-sized businesses through the next phase of the pandemic, 61% of respondents say it should further reduce the paperwork and administrative burdens of accessing support.

Sixty percent of respondents say the Quebec government could offer programs that rely on grants, rather than loans.

The CFIB has also launched an online petition asking the Quebec government for additional support, such as more time to repay emergency loans.

"To get through the crisis, businesses will need better support and flexibility from the government," it reads.

"Ministers Éric Girard and Pierre Fitzgibbon: Quebec's SMEs need you! They are still facing real economic challenges related to COVID-19."

The Federation surveyed 1,077 Quebec business owners, all members of the CFIB, between November 20 and December 11, 2020.

Quebec's Vaccine Passport Will Soon Be Mandatory For Even More Businesses

The health minister also said eventually passports won't work without a third dose.

Quebec's vaccine passport will be mandatory for more businesses in the near future. With the province reeling under the Omicron wave, Health Minister Christian Dubé made it clear at a press conference on Thursday that the vaccination passport will soon become mandatory for more unspecified "non-essential" commercial businesses.

"The vaccination passport will be mandatory as of January 18 to access the SAQ and the SQDC. Moreover, the vaccination passport will be extended to non-essential commerces in the coming weeks," said Dubé.

Keep Reading Show less

A Mother Of 5 Was Found Dead In St-Donat, Quebec On Monday

The suspect is expected to appear in court Wednesday afternoon.

Just 100 kilometres north of Montreal, a 32-year-old woman was found dead in a home in St-Donat, Quebec on Monday, September 27.

According to Sgt. Stephane Tremblay, police received a 911 call at 2:45 p.m. that day after her body was discovered.

Keep Reading Show less

According to a poll by the Angus Reid Institute, many Quebecers would vote for Justin Trudeau's Liberals ahead of any other political party in the province.

While there's a myriad of possible reasons as to why Trudeau is ahead in the province, his handling of the pandemic could be the biggest. Among the Quebecers polled, 46% believed that health care is the most pressing issue in the upcoming election and 53% said the current prime minister "has performed well on pandemic management."

Keep Reading Show less

Conservative Party of Quebec MNA Claire Samson has launched an official petition against COVID-19 vaccine passports, stating they "will divide Quebec society in two, depriving a part of its fundamental freedoms."

The petition says vaccine passports — which would require people to show proof of vaccination before attending certain events and activities — could amount to mandatory COVID-19 vaccines for all workers.

Keep Reading Show less