60 per cent of GTA districts saw double\u002Ddigit price increases
Prime Minister Justin Trudeau said earlier this month that the federal government took o debt so Canadians don’t have to. But companies are taking on debt anyway.
“Government debt has ballooned and so too has the private debt taken on by small businesses to deal with COVID-19,” Laura Jones, executive vice-president at CFIB, said in a press release. “I’ve talked to many businesses that are open again, but are worried about being able to outrun the debt they have accumulated, particularly with sales still down. Recovery is going to be a slow slog and both governments’ and customers’ support is critical to make it happen.
“Staffing is one of the many challenges for small businesses trying to get back to normal,” CFIB president Dan Kelly in a press release. “More than a quarter of small firms report that some of their laid-off staff have refused to return to work when recalled.”
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