More than half of Canadian companies saw earnings drop amid COVID-19: survey

The highest proportion of businesses reporting heavy losses and large layoffs were in the accommodation and food services sector, as well as retail.However, 62.

3 per cent of businesses that took part in the survey say they could re-open or return to normal operations less than one month after public restrictions like physical distancing measures are removed.The results are from an online survey this month done in tandem with the Canadian Chamber of Commerce. Statistics Canada says the study cannot be applied to the overall Canadian economy because the voluntary survey does not represent a random sample of the population.

Yes, that is sort of true and as time progresses, it will only become more dreadfully true.

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Share buyback binge on hold as Canadian companies line up for COVID-19 reliefSome of the businesses that were big buyers of their own shares now risk offending a newly important constituency: taxpayers They should have saved this money for a rainy day. They didn't. Now these staunch capitalists are lining up for socialist payments.
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