Date: August 19, 2020
To see the impact of COVID-19 on business closures, Statistics Canada has recently published “experimental data” on active business, business openings and business closures.
In non-metro Ontario, from January to April, 2020, the number of active businesses declined by 5,800 businesses – a decline of 12% (marginally less than the 13% decline in metro areas). This decline was due to 18% fewer businesses openings and 243% more business closures.
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