Thank you for the question.
It isn't necessarily just now that we're seeing this decline where businesses are shutting down. The Statistics Canada data that we used in our analysis published in April demonstrate that, aside from the pandemic, we're in one of the most difficult periods for SMEs.
Entrepreneurs who are members of the Canadian Federation of Independent Business, or CFIB, tell us that costs have increased in each of their sectors, particularly because of everything that's going on with the United States. They're continuing to absorb the cost increases, but there's no respite. Right now, the priority for SMEs is to ensure that the government understands that SMEs can't necessarily access the programs in place to support certain industries.
