Canada

Pace of business closures slowed in August, StatsCan says

Business

Statistics Canada says the number of business closures declined slightly in August, as COVID-19 restrictions eased.

34,126 business closed in August, down 2.7 per cent from July

Fewer businesses closed down in August than did so in July. (Adrian Wyld/Canadian Press)

Statistics Canada says the number of business closures declined slightly in August, as COVID-19 restrictions eased.

The agency says there were 34,126 business closures in August, down 2.7 per cent from July and 14.2 per cent lower than prior to the COVID-19 pandemic in February.

Statistics Canada says the drop may reflect the fact that businesses that were least able to adapt to the pandemic had already closed.

It also noted that for the second consecutive month, the number of business openings topped the number of business closures as 40,697 businesses opened.

Statistics Canada says most provinces and territories continued to report fewer business closures in August, except for Prince Edward Island and New Brunswick, which both reported an increase in closures.

The number of new COVID-19 cases in Canada were far lower in August than in recent weeks, which have seen a sharp upturn and prompted the return of strict measures on businesses in an effort to bring the number of new infections under control.

Football news:

Bruno picked up 4 Player of the Month awards in 2020. Ronaldo, Henry and Lampard had the same number-but for a career in the Premier League
Lev - the best coach of the decade in the national teams, Deschamps-2nd, Shevchenko-17th (IFFHS)
Head of the Premier League: We ask players not to hug and change their behavior
Milan had rented the midfielder, Torino Meite until end of season with option to buy
Ramos played on painkillers with Athletic due to knee problems
Barcelona's presidential election is scheduled to take place on March 7
Sir Alex Ferguson: Fortunately, I was retired when I watched Liverpool play in the last two years