Nov 13, 2020 9:48 AM
OTTAWA — A brand new survey from Statistics Canada finds practically one-third of companies have no idea how lengthy they’ll proceed underneath present situations introduced by the second wave of COVID-19.
The survey says 30 per cent of Canadian companies are not sure if they’ll hold working at their present stage with out contemplating layoffs, closure or chapter, with practically one in 5 reporting they’d be compelled to take drastic motion in lower than six months.
Almost 40 per cent of companies have laid off employees since March, however three-quarters count on to retain the identical variety of staff over the following three months.
Canadian Chamber of Commerce chief economist Trevin Stratton says the outlook for enterprise homeowners is grim, and is asking for sector-specific assist to assist the hospitality and humanities and leisure industries.