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TORONTO, May 26, 2021 /CNW/ - The phasing out of federal small business subsidies for rent and wages is set to begin on July 3, while small businesses face fresh or renewed lock downs in much of the country, warns the Canadian Federation of Independent Business (CFIB). CFIB is urging the federal government to extend its support programs at their current rates until the economy is fully reopened and Canadians are able to head back to indoor dining, services and activities as well as travel and events.
Only 54 per cent of businesses are fully open (down from 56 per cent in April)
Small businesses in BC face longer road to economic recovery
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The Canadian Federation of Independent Business says small businesses across BC including the north will continue to struggle even as the recovery from the pandemic continues.
CFIB Senior Policy Analyst Muriel Protzer. (Photo supplied by Canadian Federation of Independent Business.)
This is contrary to a Scotiabank survey where 55% of large and medium-sized businesses polled believe they’ll return to pre-pandemic levels in the next six months.
Senior Policy Analyst for BC, Muriel Protzer spoke to
MyPGNow.com, who noted their February survey painted some much different results.