About 181,000 owners of small and medium-sized Canadian businesses affected by the pandemic are planning to close permanently.
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The Canadian Federation of Independent Business estimates the closures would cause the loss of $ 2.4 million from coast to coast.
“For SME managers, it’s more like a fifth quarter of 2020. We remain in doubt,” said François Vincent, CFIB vice-president for Quebec.
The organization specifies that about 11% of these closures, or 23,400 SMEs, would take place in the province. This would equate to some 300,000 jobs.
At the Canadian level, SMEs in arts, leisure and entertainment represent 33% of businesses in difficulty, restaurants 28%, retail trade up to 15%.
Mr. Vincent wants to continue to encourage local buying. “The money I am going to spend will have a bigger impact on my community,” he insists, specifying that SMEs represent 70% of the Quebec commercial landscape.