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losses

Many of us suspected it, but new data from the Institut de la statistique du Québec (ISQ) confirms it. Quebec's job loss was significant in 2020 due to the COVID-19 pandemic — in fact, the province hasn't seen such a big drop in jobs since 1976 (which, in case you don't like math, was 45 years ago). 

Between 2019 and 2020, jobs decreased by 5% in Quebec — a loss of 208,500 jobs, according to the ISQ.

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The pandemic has inflicted significant damage to Montreal's economy since the start of COVID-19 in March. To add to financial losses resulting from the cancellation of iconic Montreal events, a slew of iconic Montreal-based stores announced closures in 2020.

Although some of these brands continue to make their products available in online stores, many of them have shut the doors of their retail locations altogether or filed for bankruptcy.

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