Business

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B.C. businesses ‘in need of life support’ due to coronavirus fallout

800,000 restaurant jobs lost in Canada in March amid COVID-19: survey - National

The economic impact of the COVID-19 pandemic continues to devastate businesses across B.C. A recent poll found that in the last two weeks alone, approximately half of the 1,900 employers surveyed saw revenue decreases of 75 per cent or more, while two-thirds recorded declines of 50 per cent or more. …

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Calgary small businesses scramble to survive coronavirus pandemic – Calgary

Calgary small businesses scramble to survive coronavirus pandemic - Calgary

The COVID-19 crisis has brought a huge blow to a lot of small businesses in Calgary, many of which are now in a desperate fight to survive. “March [was] a disaster, business down by 75 per cent,” Tiffin Curry and Roti House owner Minal Bhatt said Thursday. “So slowly, one …

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Coronavirus: Wage subsidies may not be enough to reverse Okanagan, B.C. layoffs

Coronavirus: Wage subsidies may not be enough to reverse Okanagan, B.C. layoffs

Last week, the federal government announced a 75-per cent wage subsidy for businesses impacted by COVID-19. However, as Okanagan companies scramble to radically change their business models in the face of the pandemic, it may not be enough for many to rehire all their staff. Related News Some …

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