Pandemic Causing Mental Health Issues


More than half of small business owners are suffering from mental health issues because of COVID-19, says a survey by the Canadian Federation of Independent Business (CFIB). “Many of them rely on this time of year to stay afloat, but most are nowhere near their usual sales levels at a really critical time for their survival," says Laura Jones, CFIB's executive vice-president. Poor sales in combination with 43 per cent of owners working significantly more hours this year is causing an increase of mental illness amongst small business owners. Unfortunately, the start of the holiday shopping season has been weak for small businesses. CFIB's ‘Small Business Recovery Dashboard’ shows that 62 per cent are fully open (compared to 66 per cent last month), 41 per cent are fully staffed (compared to 42 per cent last month), and only 29 per cent are making normal sales (compared to 28 per cent last month).