COVID Creating Mental Health Challenges

Nearly two-thirds of Canadian business owners' say they are adjusting to the COVID-19 context (64 per cent), says a report from BDC, Canada's bank for entrepreneurs. Nearly one-third (29 per cent) say it varies from day to day. The report also shows that 39 per cent of business owners report feeling depressed at least once a week and 64 per cent feel tired or have low energy. Women are significantly more likely to feel depressed (51 per cent) and admit that mental health challenges interfered with their ability to work (40 per cent). Visible minorities are significantly more likely to say that mental health challenges interfered with their ability to work (48 per cent) and they would have liked support from a mental health professional (33 per cent). Business owners who had not yet resumed activity were significantly more likely to feel tired (87 per cent), depressed (75 per cent) and say that mental health challenges interfered with their ability to work (57 per cent). Their biggest worries are generating enough revenue to make a profit (43 per cent) and covering expenses (40 per cent). To help cope with these stresses, entrepreneurs most often take time out or go for a walk (47 per cent), exercise (41 per cent), or talk to someone (29 per cent).