Regina, May 21, 2020 – The share of businesses that are fully open has begun to rise as provinces restart their economies, according to the latest survey by the Canadian Federation of Independent Business (CFIB). Just under a third of businesses are now fully open, up from 21 per cent a month ago. Alberta, Manitoba and New Brunswick now have the greatest number of small firms fully open, while Nova Scotia, Ontario and Newfoundland and Labrador are the least open economies. In Saskatchewan, almost 40 per cent of small businesses are now fully open.
Percentage fully reopen by province
“It’s good to see that the share of businesses fully open is finally larger than businesses fully closed due to COVID-19,” said CFIB president Dan Kelly.
Nationally, in terms of business sectors, retail, arts and recreation, services and restaurants/hospitality were the least likely to be fully open.
“While it is good news that more firms are beginning to open across the country, it is important to keep in mind that 67 per cent of businesses nationally remain fully or partially closed due to COVID-19,” Kelly added. “In addition, there is a lot of uncertainty for businesses, including how to recall laid-off workers, what new measures they should put in place to protect their staff and customers, and if reopening will even be financially possible if their sales are too low.”
CFIB’s survey found that
- The top reasons for Saskatchewan small business owners not fully opening are government mandated closures (50 per cent), concerns over the health and safety of staff and customers (37 per cent) and sales too low to make it worthwhile (34 per cent)
- 32 per cent of Saskatchewan small firms are concerned they may be forced to close their doors permanently
- 34 per cent of Saskatchewan business owners are worried about accessing Personal Protective Equipment (PPE)
CFIB has developed a number of tools and resources for all small business owners, including:
- Free access to CFIB’s team of experts for one-on-one advice on all government support programs at cfib.ca/introductoryoffer
- A downloadable “Back to Business” kit, including information on provincial guidelines, a customizable “We’re open” poster and workplace safety templates at cfib.ca/backtobusiness
- A “PPEs for SMEs” Facebook group, where small businesses looking to buy PPE can connect with those that produce it
“Small businesses want to do their part in flattening the curve by giving consumers the option to spread out over a larger number of smaller locations,” stated Marilyn Braun-Pollon, CFIB’s vice-president, Western Canada and Agri-business. “We invite consumers who want to avoid crowds in the months to come to visit their local butcher, their neighbourhood hardware store or the family-run hobby shop down the street.”
To arrange an interview with Marilyn Braun-Pollon, CFIB’s vice-president, Western Canada & Agri-business, please call (306) 539-6302 or email [email protected]. You may follow CFIB Saskatchewan on Twitter @cfibsk.
For media enquiries or interviews with Dan Kelly, CFIB’s President, please contact: Milena Stanoeva, Media Relations Specialist, at 647-464-2814 or email [email protected]
The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses with 110,000 members (5,250 in Saskatchewan) across every industry and region. CFIB is dedicated to increasing business owners’ chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. Learn more at cfib.ca.