How small businesses are collectively the new "too big to fail"
If the 2008 financial crisis was all about how the big banks were "too big to fail," right now it's restaurants, shops and millions of other employers that are individually too small, but collectively far too big to allow to go under.
- CBC Radio's business and economics show, Cost of Living, is in a new time slot on CBC Radio One due to the coronavirus pandemic. Catch it Fridays at 1:30 p.m. (2 p.m. NT), Saturdays at 6:30 p.m. or online anytime at CBC Listen.
The newest job numbers from Statistics Canada are sobering as the coronavirus pandemic takes hold in Canada.
It's not only about jobs, but the businesses that employ all those individuals — so The Cost of Living explains why keeping small businesses afloat is so important right now.
Click "listen" at the top of the page to hear this segment, or download the Cost of Living podcast.