That's what we are recommending. We are asking the government to keep the current programs in place, with the same terms and conditions. We are actually asking the government to extend the measures for as long as they are needed.
The tourism industry has never come begging for money. It is a thriving industry. Pre-pandemic, the Canadian tourism industry generated $105 billion in revenue, $16 billion in Quebec alone. What we know is that the pandemic has cost Quebec's tourism industry $10 billion, or 60% of its revenue.
We need time to catch our breath. We need a border reopening plan to give us enough predictability to make the transition and once again welcome international tourists. It's going to take months. In any case, once revenues return to normal, businesses will no longer be eligible for the financial support.
From our standpoint, the risk is quite low. As we pointed out, a number of studies, including a recent Desjardins study, show that more than 95% of the economy is back on track. Only a handful of sectors are struggling, such as tourism, culture and aerospace. We are calling on the government to extend the programs for as long as they are needed. Obviously, we hope that period of time will be as short as possible.