Small- and medium-sized businesses lose $60B

This is a news story, published by torontosun, that relates primarily to Statistics Canada news.

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Statistics Canada figures

torontosun

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Business

Business & Economics

Small and medium biz lost $60B during COVID-19's first year: StatCan

Summary

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72% Informative

Statistics Canada figures show small- and medium-sized businesses lost about $60 billion during the first year of the COVID-19 -related lockdowns and travel bans.

The figure is the highest yet calculated by any federal agency on the impact of the pandemic.

The Canadian Federation of Independent Business put private-sector losses at just over twice as much in 2021 .

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Informative language

Neutral language

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formal

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English

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not offensive