What a another wave could mean for the hardest-hit corporate sector

Business groups announced that another economic shutdown could be disastrous for Canada’s most vulnerable sectors; the government is receiving pressure to implement more restrictions to fight the coronavirus’s second wave. 

On Monday, Ontario had 700 new COVID-19 cases, urging the Ontario Hospital Association to call on the province to go back to Phase 2 of its reopening plan, which would mean the closing down of dining rooms and theaters and gyms. 

According to Restaurant Canada, going back to phase 2 would likely cause massive closures in the restaurant industry, which lost 10 percent of their 98,000 restaurants in August. 

James Rilett, the group’s spokesman, said: “A lot are just hanging by their fingertips, we still think about 50 per cent of independents will close if things don’t change soon.”

Read more from the News Source HERE

close slider