TORONTO -- Despite increased calls for Canadians to support local businesses this holiday season, experts fear large international retailers will still dominate during Black Friday and Boxing events, leading to a surge in small business bankruptcies in the new year.
“But there’s no question that the larger international players are going to dominate this holiday season. Smaller retailers may manage to cling and hang on… but this, by no stretch, is going to be a successful holiday season for small to medium sized business.” “It’s all about having an online presence. And if you don’t have one, you’re scrambling to figure out how you can get one,” CTV News’ Chief Financial Commentator, Pattie Lovett-Reid, told CTV’s Your Morning Friday.
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