Canada Just Saw 1 In 20 Businesses Close In A Month, Biggest Wave Since Pandemic
Canada’s reputation as an ideal environment may be more hype than reality these days. Statistics Canada (Stat Can) data shows businesses suffered a major setback in June. The country saw the largest wave of business closures since the depths of the 2020 pandemic, when lockdowns physically restricted businesses from activity. In just one month, Canada saw enough businesses shutter to reverse more than a year of progress.
