Canadian Manufacturing

44% of small firms now fully open: CFIB

Small businesses were hit particularly hard by lockdowns across the country

June 8, 2020  by CM

TORONTO – 44% of Canada’s small businesses are now fully open, up from 38%  two weeks ago, finds a new survey by the Canadian Federation of Independent Business (CFIB).

However, many regional and sectoral differences remain and some sectors, particularly restaurants and hospitality, continue to be largely closed. Only 15% of small firms report their sales have returned to normal.

New Brunswick (59%) and Alberta (54%) lead the way with the largest share of open businesses, while Newfoundland and Labrador (24%) continues to trail the rest of the country.

% fully open and sales by province

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NB

AB

SK

MB

QC

NS

BC

ON

NL

%  fully open

59

54

51

50

49

47

47

37

24

% normal sales

17

15

25

20

16

21

17

12

5

*Weekly sample size too small in PEI

“There are definite signs that economies are awakening, with more than half of small businesses reporting they are fully open in some provinces,” said CFIB president Dan Kelly in a prepared statement. “However, for many recovery is another question as just opening your doors does not guarantee your customers will return. Our main street businesses will need a lot more support, both from government and from consumers, before the crisis is behind them.”

% fully open and sales by sector

% open

% normal sales

Agriculture

73

36

Construction

73

20

Manufacturing

63

16

Professional services (e.g. law firms)

62

26

Wholesale

56

17

Enterprise management

56

18

Finance, Insurance, Real Estate

52

27

Transportation

50

4

Retail

44

22

Personal services (e.g. hair salons)

44

13

Social services (e.g. chiropractors)

29

5

Arts and recreation (e.g. gyms)

21

3

Hospitality (e.g. restaurants)

13

5

 

Small businesses were hit particularly hard by lockdowns across the country, and though most provinces have allowed some to reopen with modifications, their recovery is uneven.

Only 13% of hospitality/restaurant businesses and 21% of arts and recreation businesses are fully open, compared to 44% of retailers and firms in the personal services sector. Additionally, certain personal services businesses, like hairdressers, remain closed in most provinces.


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