The Canadian Federation of Business called the economic effects of COVID-19 a disaster and said the federal government needs to do more to prevent it from getting worse. “Many small business will be forced to make additional layoff decisions in the next couple of days,” said Marilyn Braun-Pollon, the CFIB vice-president for the prairies and agri-business, on the phone from Regina.
According to CFIB survey of approximately 11,000 businesses, nearly one-third of business owners say they can’t survive more than a month with things as they are during the coronavirus pandemic.
The survey also shows that the average cost of the outbreak for a business owner is $136,000. “At this rate,” said Braun-Pollon, “the only way to prevent massive