{"id":63526,"date":"2020-05-03T22:31:29","date_gmt":"2020-05-04T01:31:29","guid":{"rendered":"https:\/\/huddle.today\/?p=63526"},"modified":"2020-05-03T22:31:29","modified_gmt":"2020-05-04T01:31:29","slug":"canadian-businesses-report-steep-losses-deep-staff-cuts","status":"publish","type":"post","link":"https:\/\/huddle.today\/2020\/05\/03\/canadian-businesses-report-steep-losses-deep-staff-cuts\/","title":{"rendered":"Canadian Businesses Report Steep Losses, Deep Staff Cuts"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">&lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><h4>A new survey suggests more than half of Canadian businesses have seen their revenue decline by at least 20 percent during the pandemic.<\/h4>\n<p>More than 12,600 businesses\u00a0responded to the survey\u00a0conducted by Statistics Canada and the Canadian Chamber of Commerce.<\/p>\n<p>Nearly one-third of businesses reported their revenue dropped by 40 percent or more, while 21 percent reported a revenue drop of 20 to 40 percent.<\/p>\n<p>Two-in-five businesses that responded to the survey said they have laid off staff as a result of the COVID-19 pandemic.<\/p>\n<p>Of those businesses, nearly half said they laid off 80 percent or more of their workforce, with the hardest-hit sectors including accommodation, food services and retail.<\/p>\n<p>But nearly one-quarter of businesses reported having made no staffing changes due to the pandemic.<\/p>\n<p>The survey also found nearly three-quarters of businesses have been negatively affected by physical distancing measures.<\/p>\n<p>But nearly two-thirds said they could re-open or return to normal operations within a month of those measures being removed.<\/p>\n<p><em>Brad Perry is the news director with Country 94\/97.3 The Wave, a Huddle content partner.<\/em><\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-63526\" data-postid=\"63526\" class=\"themify_builder_content themify_builder_content-63526 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n","protected":false},"excerpt":{"rendered":"<p>More than 12,600 businesses\u00a0responded to the survey\u00a0conducted by Statistics Canada and the Canadian Chamber of Commerce.<\/p>\n","protected":false},"author":369,"featured_media":63534,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":"","_expiration-date-status":"saved","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[25241],"tags":[25488,26184,26174,25445],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - 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