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September 23, 2020 | Seventy-One Percent of Canadian Small Businesses Still Missing Revenue

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

In more evidence that the economic rebound has stalled in Canada, a new survey from the Canadian Federation of Independent Business finds that just one in three or 29% of small and medium-sized businesses said that they were back to “normal or better” sales as of September 16, a number largely unchanged since mid-July.  See Only 29% of Canada’s small businesses are back to full sales:

At the current pace, the average business won’t see sales return to normal levels for another 17 months, the CFIB said. That doesn’t bode well for country’s outlook, considering how important small firms are for the economy. As of June, 98% of companies employ fewer than 100 people, data from Statistics Canada show.

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September 23rd, 2020

Posted In: Juggling Dynamite

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