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1 in 6 small businesses could be forced to close, federation says

After almost a year of restrictions, with lockdowns here and there, small businesses are feeling the pinch of the ongoing COVID-19 pandemic and a survey from a business federation is painting a grim picture about their future. 

Canadian Federation of Independent Business says 74k businesses in Ontario are at risk

According to a survey from the Canadian Federation of Independent Business one in six, or about 181,000, small businesses may be completely gone due to the lose of consumer confidence and lockdowns brought on by the pandemic.  (Adrian Wyld/Canadian Press)

After almost a year of restrictions, with lockdowns here and there, small businesses are feeling the pinch of the ongoing COVID-19 pandemic and a survey from a business federation is painting a grim picture about their future. 

"People started getting a little hesitant about going out and then as we moved from orange to red [of Ontario's reopening framework], we saw sales sort of plummet from 60 to 70 per cent down," said Scott Creek, one of the co-owners of The Chopped Leaf, a restaurant that opened in London, Ont., during the first wave of the pandemic.

"It's just gotten worse as we headed into January. The second lockdown here is making it just be all hands on deck." 

Creek's story has become common across the country.

According to a survey from the Canadian Federation of Independent Business one in six, or about 181,000, small businesses across the country may be completely gone due to the lose of consumer confidence and lockdowns brought on by the pandemic. 

For insight on the situation, Afternoon Drive guest host Allison Devereaux spoke with Ryan Mallough, the director of provincial affairs for Ontario for the Canadian Federation of Independent Businesses.

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