Business conditions in Canada, third quarter of 2020
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Description: Business conditions in Canada, third quarter of 2020
Business conditions in Canada, third quarter of 2020
Business expectations over the next three months
74.1% expect to have the same number of employees
18.1% expect to raise their prices
36.4% do not expect their revenue to be higher than in the previous three months
Layoffs since the start of the pandemic
36.5% of businesses laid off staff
Of these businesses, 64.3% laid off at least half of their workforce
Accommodations for parents
59.4% of businesses that were able would provide special accommodations for parents in the fall
Of these businesses:
41.8% would allow parents to change their schedule
27.5% would allow parents or work remotely
23.7% would allow parents to switch to part-time work temporarily
Working remotely during and after the pandemic
35.3% of businesses reported that remote work was an option for their employees
Of these businesses:
27.2% reported that their entire workforce was working remotely on August 31, 2020
14.7% expect all their employees to continue working remotely once the pandemic is over
Liquidity and debt
76.9% of businesses have the cash or liquid assets required to operate
43.9% of businesses reported that they were unable to take on more debt
Source: Statistics Canada. Canadian Survey on Business Conditions, third quarter of 2020.
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