Small businesses have reopened their doors after a series of lockdowns, but they are still struggling under heavy debt loads.
CFIB says the average business owes close to $177,000 thanks to pandemic restrictions and closures. For businesses in the hospitality industry, that amount clocks in at $333,174 — almost double the average.
“The actual repayment of this debt will be the next big obstacle that small businesses will face, especially as many are still seeing a slow pick-up in revenues, capacity restrictions and uncertainty heading into the fall and winter months,”
No worries, the new segregation economy should fix that right up.
CFIB. What’s that stand for?
Canada’s First Industry Bend-over?
Funny
“The new segregation economy”
I like it. All businesses who demand to see a customer’s vaccination status before admitting them can go bankrupt for all I care. I don’t don’t need ’em.
I am relieved to find that escorts do not ask for vax status.
I mean, of course, that a friend of mine is relieved. Not me, personally.
I was always curious if an escort would let you, Lick de Muffin .
Of course your friend , not you.
Is that you, Prinz Dummkopf? You have to rent your nookie now that Soapy’s dumped you?
Meanwhile, in BC, the head of the BC restaurant association, wants gubermint to cover their costs and to pay for security, pay for training, and pay for their well being.
I remember a day not so long ago where restaurants were the prototype of capitalist business, despising government rules, regulations and taxes. Now they want to be partners.
A new generation of crony capitalists is born.
Maybe when a hamburger meal hits $30, the restaurants will get the pain and suffering they deserve, by a lack of customers. As is, and soon to not be setting foot in restaurants for a LONG time, a $20 burger exists today, which is a grotesque price, but the sheeple lap it up
That should pretty much do it I think, no one can survive that amount of debt load. Fact is the gov’t does not nor has it ever been interested in helping small businesses especially those in the hospitality industry. Cerbs were sent out to keep you quiet and give you a false sense of hope, thinking it would all change for the better one day. They lied to you. It’s about to get worse. Don’t think the Chamber of Commerce was a big effin’ help for ya either.
Look who received special exemptions and gobs of cash…box stores, Walmart, CTC, Lowes and Home Depot, restaurant chains and pro sports. “Bob’s Burger ‘n’ Dogs” out – Macdonalds in. But guess what? Parking lots are full everytime I drive by. We’re not helping the Bobs of the world. I believe Junior A hockey will start up later this month and the NHL in October…watch the numbnuts of the world lineup for the chance to drink overpriced beer in their overpriced seats for three hours while uber wealthy team owners wave to them from the box seats. Bread and Circuses.
Say hello to your Corporate overlords.
Wait until WSB and RevCan get on their azzes not to mention the various Provincial and Municipal govs demanding their pound of flesh also.
Seized bank accounts, repossessed houses and properties.
Add to that the Hoi polloi mass dieoffs from the Jabba jabba.
It’s going to be some epic interesting times ahead.
Liberal amounts of Black face will be applied,as enterprising citizens seek to recover from this Government Orchestrated Economic Catastrophe.
Reborn as Black,smart citizens will be taking out multiple “loans” from the bureaus of Extreme Racist(Here to fight racism).
Never has government sunk so low,Monty Python was never supposed to be used as a training manual.
“We borrowed it,so you would not have to”.
When do we open hunting season Again?
Remember these golden words.”Do not steal,your government hates competition”.
For they are the only truth in this Kleptocracy.
Liberal Voters..
Interesting people,they willingly vote for the most Illiberal Scum to walk this planet since the 1930s..
Willingly ditching every social nuance that enabled their existence.
What part of brain dead zombie,best describes a Liberal supporter who loudly promotes programmes to strip all citizens of those rights and freedoms that are the foundation of our civilization?
“Papers Please”??
“Get your Government Goo” OR ELSE!.
Of course we believe in freedom to …OBEY.
So why should we Westerners tolerate the fools who enable our destruction?
They have self identified.
They have stated their intent.
They boast of their plan to continue to rob and pillage for perpetuity.
Why do we not believe them?
As bad as this is, it’s going to get worse. Far worse.
No problem. Forgive the debt. You know, like forgiving student loans.
Build back better with NO bankers, no loans, and no debt! Yeayyy … a NEW world … like Star Trek … where everything is free and everyone is equal.
No problem. Forgive the debt. You know, like forgiving student loans.
Nice shot! If it weren’t for double standards, socialists (not ‘progressives’), wouldn’t have any standards at all.
I was thinking of opening a diner and calling it Soup n Crackers, (SNC) and applying for government funding. Just a thought.
My local bar shut down March, 2020, and didn’t reopen, even for food pick up, until a month ago.
Run by a family of four. That’s it. Two of the family are 70+.
Even though there were closed, their insurance rate went up significantly.
Yes, for an empty building, it cost more. Because people weren’t there every day. Great logic, huh? How much does the insurance industry donate to politicians?
Not enough rope, I tell you…
There will never be enough rope as the “people” are too stupid to understand what they have allowed to happen. Canadians have thrown away their freedom because of irrational fear. Folks I am looking for someone, anyone, to challenge that assessment. I will be brutal in my rebuttal.
68
Get Iacobucci as a Lawyer for your enterprise and have deep pockets for liberal graft, and you’re good to go.
who do they owe the money to is the question….
How many of you useless morons will go to your local pub and tip twice the amount you used to, just to help keep them in business? Right, not one of you. I have and I do. Useless freakin Canadians.
*golf clap* Don’t use that big fng brush of yours to tar everyone else on this board. Believe it or not there are some here who might not think exactly like you but don’t go out of their way to denigrate everyone else here with the “useless” or “moron” pejorative. Save that for the Unme’s and the Allans of the world. And don’t presume no one here tips like you do. These are tough times for everyone…one man’s tip for “twice the amount” is another man’s coffee and bagel before he drags his sorry ass do a night shift at his shitty job because he has a family who depends on him.
It ain’t all about you and your fight against the world Amigo.
Have you?
I ran a bar for a few years in the 90s. Tips don’t help the bar stay afloat, they go towards the server’s income, with a wee cut for the busboy. Now, if you go there with some friends and get smashed every night, that would help.
LOL.
I don’t drink but i have been giving my business to local restaurants and corner stores for the same reasons as you. I doubt we are the only Canadians who are doing this. Take heart vowg , you are not alone.
Forget your troubles, the solution to your problems during this pandemic is to have an election so Justin can have his way with us without interference.
He’d do it anyway. The election is merely us giving him permission to do so.
Fuck it. People voted for it. Canadians overwhelmingly want restrictions/division/isolation/”safety”. They want a subset of the population to be punished, ostracized and excluded.
Years ago in Ottawa, a bus driver or at least transit worker was brutally antagonized by others. He later came back and I believe killed 4. I also believe harassment laws were implemented/strengthened because of that and other similar events.
When a rock goes through the restaurant window it probably shouldn’t be unexpected.
Unvaxxed can’t sit at the back of the bus, they can’t even ride it. Seems like for every action there is a reaction.
Never mind the unvaxxed, I wonder how many vaxxed people out there will absolutely refuse to get their soviet internal travel documents, and forego travel, movies, restaurants, etc. I for one, refuse simply on the principle of the matter. Once they set up this “passport” system, no doubt the next thing will be what they’re doing in Australia where you have to provide your photo, and have vehicle location turned on for your phone at all times so the government can randomly insist you have 15 minutes to provide a photo of yourself at the location your phone shows. Not complying? – here come the cops to check up/fine/arrest you. We’ll be under lockdown again right after the election anyway.
With restaurant margins as thin as they are, it will not take much to tip the scales into bankruptcy. The ship is rolling over as we speak.