As the Canada Post strike continues on, small businesses in Canada are feeling the financial pinch as their main resource for sending items or receiving payments has been halted.
New numbers from the Canadian Federation of Independent Business (CFIB) show small businesses throughout the country are losing $76 million a day because of the strike, and the total losses will hit $1 billion by Wednesday.
“We know this is due to businesses losing out on sales. They’re unable to ship goods to their customers. Many of them have not been able to receive inventory, and they also can’t receive paychecks,” said Brianna Solberg, the director of provincial affairs with CFIB.
“I think if it drags on any further, businesses will have missed out on the busiest holiday shopping season where they expect to make a significant portion of their revenue.”
Looking at Manitoba specifically, CFIB calculates small and medium-sized businesses …