Massive Small Business Closures in Canada Due to Covid-19
It is no secret a number of small businesses are struggling to survive the rigors of the COVID-19 global pandemic and the restrictions/protocols that have come along with it. Paying close attention to this matter is the Canadian Federation of Independent Businesses (CFIB.)
After running an online survey of its members between January 12 and 16, the CFIB forecasts 181,000 (or one in six) Canadian small business owners are actively considering bankruptcy/winding down their business as a result of COVID-19.
In today’s live news video we breakdown and discuss the topic of massive small business closures in Canada, the numbers behind it and what this means for Canadians from all walks of life!
COVID-19 could shutter more than 200,000 Canadian businesses forever, CFIB says:
CFIB Study PDF:
WARMINGTON: Salon owner makes you the star of your haircut:
Ontario barbershop reopens despite provincial lockdown using loophole:
COVID-19 Guidance: Personal Service Settings:
Film and television industry health and safety during COVID-19:
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Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On his YouTube Channel with over 70,000 subscribers and 4,000,000 views Matt discusses a variety of real estate and personal finance strategies and tactics. Including: How to BRRRR Real Estate, The Importance of Investing for Cash Flow, How to Reach Financial Independence Retire Early, Safe Withdrawal Rates,
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Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College.
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