Ontario businesses are facing the latest economic downturn, with many companies resorting to layoffs, surrounding the new pandemic measures introduced recently within the city. With many businesses forcibly having to close their doors completely, others will need to limit the number of customers and visitors through their doors. Local businesses such as the Ontario Premier Doug Ford, will have to halt indoor dining and prevent any sales of alcohol after the 10 pm mark.
Retailers online will of course remain unaffected, with many businesses encouraged to presume their sales online, if possible. However, this can be harder to apply, especially within the hospitality sector, where venues need to be filled to generate sales. The latest casinos within Canada have seen nothing but increased revenue numbers since the pandemic began, due to the heavy push towards operating most work responsibilities and so on, purely on an online basis. We have here today, the latest casino bonus codes that should allow you to elevate your gaming experience, should you choose to play local and support Canadian online casinos.
The policies surrounding the latest measure have affected retail most directly, with many malls and shopping stores, having to reduce their total intake by up to 50%. Indoor venues such as concerts, cinemas, educational museums for the community, and galleries will have to remain closed for three weeks, until further notice is elaborated on by the Canadian government.
While the number of cases are hugely soaring by the day, this drastic plan is believed to help have an effect to minimise the pressure and demand on medical services. However, many fear that these planned immediate closures and measures will extend longer than the promised time scale. The economy within Ontario has already seen multiple closures and social distancing plans of action taking place, and this time the fear of permanent layoffs, due to business closures or businesses not being able to afford to keep staff during these times, is a real threat to the economy. Additionally, not only do labour shortages cause direct strain on businesses, it adds mounting costs to families that need to maintain their head over water, during these times.
Local bar owners, such as Andy Page from the Tomyum Wine Bar, have stated his huge disappointment with the local policies instituted. ‘Waking up everyday with mounting bills to pay, many employees salaries to cover, in addition to the mounting debts that have accumulated over the pandemic, have made it difficult to sleep at night.’ Of course, these feelings are put across by Page, mimic and highlight the feelings of many business owners right now within Ontario. Many are feeling the strain of having to yield to minimum results to survive, and have no backup plan in being able to do so, because the pandemic has spun over such a long period of time to date. Add this factor to rising inflation rates within Canada and the rest of the world, and you truly have a mounting issue that should be addressed by the Ontario government.
It is believed that the government will be releasing a plan of action to relieve financial tension within the region, as a way of leveraging the stress and costs that many business owners are facing as of now. However the result of how much reimbursements will be received is still uncertain and much unknown. The rebate programme introduced previously during last year, when measures were at their highest, will most likely reimburse 100% of property taxes on business buildings, in addition to up to 50 percent on energy costs to run businesses, for those that have had to reduce their capacity by up to 50%. Of course, businesses with no income whatsoever, due to permanent closure, still await a decision on how finances will be addressed. Most likely, many of the expenses will be rebated and covered, however it is unsure to what degree payments will be reimbursed yet.
