Canada Lost 131,000 Small Businesses Due to Pandemic Lockdowns

#smallbusiness #canadaeconomy #lockdown

Canada LOST 131,000 Small Businesses – Devastating Economic Collapse! The shocking reality of Canada’s COVID lockdowns has been revealed: Over 131,000 small businesses shut down, leaving countless entrepreneurs in financial ruin. According to new government data, businesses with fewer than five employees were hit hardest, wiping out a huge sector of Canada’s economy.

Dan Kelly, CEO of the Canadian Federation of Independent Business (CFIB), revealed the heartbreaking truth—some business owners were so desperate they considered suicide. In a testimony before the Commons finance committee, he described receiving suicide calls from devastated entrepreneurs who lost their life’s work.

Statistics show that small businesses lost over $60 billion in revenue due to government-imposed lockdowns. Retail, construction, and manufacturing saw a 25% drop in sales, while restaurants and hotels faced a catastrophic 60% decline—the worst since 1932.

And to make matters worse, the government handed out $3.5 billion in pandemic loans to ineligible businesses, raising questions about financial mismanagement.

Was all this truly necessary? Or did government overreach destroy more than it saved?

Watch now to see how this massive business collapse could impact YOU!
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