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Business report suggests optimism in P E I tourism industry

Posted: Apr 30, 2021 1:06 PM AT | Last Updated: April 30 The number of active businesses on P.E.I. is down about a half per cent from before the pandemic.(CBC/Laura Meader) comments A new report from Statistics Canada suggests the P.E.I. tourism industry may be gearing up in the hopes of a better year than 2020. The experimental study, created to help track the economy during the COVID-19 pandemic, tracks the number of business openings and closings by month, as well as the number of active businesses. Overall, the number of businesses operating on the Island in January has mostly recovered from a crash last spring, and is just about half a per cent lower than January 2020. But that is not the case in the tourism sector.

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