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  • 1. Impact of COVID-19 on small businesses in Canada, first quarter of 2021 Archived
    Stats in brief: 45-28-0001202100100009
    Description:

    As a result of the widespread measures taken to contain the spread of COVID-19, the Canadian economy contracted. By the end of May, the Canadian economy had been transformed by COVID-19 and many businesses had begun to adapt to the new reality by shifting to teleworking, reducing hours, laying off staff, applying for government funding or seeking rent relief. As parts of Canada were exposed to a second wave of COVID-19 and other parts were in recovery, Statistics Canada ran the Canadian Survey on Business Conditions to better understand the ongoing impacts on businesses. Based on the results of the survey, while the majority of businesses in Canada were impacted, smaller businesses with 1 to 99 employees were slightly more affected.

    Release date: 2021-03-10
  • 2. The impact of the pandemic on the solvency of corporations, third quarter 2020 Archived
    Stats in brief: 45-28-0001202100100001
    Description:

    This article examines the changes in the number of companies that filed under the Bankruptcy and Insolvency Act and the Corporations' Creditors Arrangement Act from 2006 to the third quarter of 2020. The analysis highlights the number of firms filing for creditor protection, as well as the financial position of these firms before the onset of the pandemic.

    Release date: 2021-01-18
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  • 1. Impact of COVID-19 on small businesses in Canada, first quarter of 2021 Archived
    Stats in brief: 45-28-0001202100100009
    Description:

    As a result of the widespread measures taken to contain the spread of COVID-19, the Canadian economy contracted. By the end of May, the Canadian economy had been transformed by COVID-19 and many businesses had begun to adapt to the new reality by shifting to teleworking, reducing hours, laying off staff, applying for government funding or seeking rent relief. As parts of Canada were exposed to a second wave of COVID-19 and other parts were in recovery, Statistics Canada ran the Canadian Survey on Business Conditions to better understand the ongoing impacts on businesses. Based on the results of the survey, while the majority of businesses in Canada were impacted, smaller businesses with 1 to 99 employees were slightly more affected.

    Release date: 2021-03-10
  • 2. The impact of the pandemic on the solvency of corporations, third quarter 2020 Archived
    Stats in brief: 45-28-0001202100100001
    Description:

    This article examines the changes in the number of companies that filed under the Bankruptcy and Insolvency Act and the Corporations' Creditors Arrangement Act from 2006 to the third quarter of 2020. The analysis highlights the number of firms filing for creditor protection, as well as the financial position of these firms before the onset of the pandemic.

    Release date: 2021-01-18
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