StatCan reports fewer business closures, more openings in June compared with May
The trend observed in June was observed in every province and territory except Quebec
OTTAWA — Statistics Canada says it recorded 56,296 business closures in June, an improvement from May but still 44% more than in February before the COVID-19 pandemic struck in force in Canada.
It says the number of business closures in across Canada in June was down 5.6% compared with May.
The trend observed in June was observed in every province and territory except Quebec, which had a 2% increase in business closures compared with the previous month.
There were also 52,723 business openings nationally in June, 33% more than Statistics Canada recorded in May,
But the agency says only about one-fifth of all businesses that closed in March or April had reopened by June.
As a result, 14.1 of businesses that were active in February remain closed as of June.