Impact of COVID-19 on small businesses in Canada, May 2020 / by Stephanie Tam, Shivani Sood, and Chris Johnston. : CS45-28/1-2020-50E-PDF

"As a result of the widespread measures taken to contain the spread of COVID-19, the Canadian economy has dramatically declined over the past few months and has significantly impacted the ability of businesses in Canada to operate. The latest gross domestic product by industry release for April 2020 reported that real gross domestic product (GDP) dropped 11.6% in April, following a 7.5% decline in March. All 20 industrial sectors of the Canadian economy were down, producing the largest monthly decline since the series started in 1961. The economy was 18.2% below its February level, the month before the COVID-19 measures began"--Page [1].

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