The report says one in five owners say their business is in a good state, compared with 38 per cent who say it’s doing poorly.“It’s all related to keeping the wheels on the business,” said Ted Mallett, vice-president and chief economist for CFIB. “They’ve still got to be able to pay the bills to employees and landlords or mortgage holders, but now their incomes have been severely interrupted.”
Mallett said the nearest comparable period is the financial crisis in 2008 when the barometer dropped 20 points between September and December of that year.The CFIB report comes as non-essential businesses have been shut down by the province in Ontario and Quebec, and voluntarily in other jurisdictions, in an effort to slow the spread of the novel coronavirus. The moves have resulted in the layoff of workers across the country as businesses stop work.
globebusiness All part of their plan
globebusiness You guys really have nothing to write about do you? WTF would you expect to find?
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