When we did our survey in May and asked businesses how long they could operate without further supports, at that time, 2% of the close to 900 we surveyed had already closed, and 10% of businesses predicted they couldn't continue operation for more than a month without support. Knowing that there was a gap in the support that was provided, we have significant concerns over that 10%. Also, over half of the businesses indicated that they were likely to fail within the next six months.
That is why this further survey we will be doing in the fall is so important for us to get an understanding of where indigenous businesses are in the economy and how many we may have unfortunately lost.