2020 - Quarterly Update Onset of Winter Brings New Problems Breweries that rely heavily on on-premise sales may face a major decision as winter approaches. Pandemic restrictions have limited many breweries to outdoor seating only. Industry experts say that sitting outside might be logistically difficult as the temperature drops or legally impossible as outdoor seating permits expire. Some options under consideration include more off-premise, curbside, and home delivery sales;
Published by Conference Board of Canada. Read full article here. Key Findings After expanding by an annual average of 3.5 per cent from 2016 to 2019, Victoria’s economy will contract by 4.4 per cent in 2020, the result of a 1.8 per cent output decline in the first quarter and a 7.7 per cent drop in the second. The city’s public administration sector, which accounts for almost 20 per cent of the city’s total output (second only to the finance, insurance, and real estate sector
It’s an important question because, whether you realize it or not, the value of your business will have a big impact on both personal and professional aspects of your life. A business valuation, conducted by a credentialed valuation expert, estimates the economic value of your interest in a business. It is most often used to determine the selling price of a business, the amount needed to fund a buy-sell agreement, or to assign values to individual assets held by the business.
The Canadian economy is in the midst of its worst downturn in decades. Life in cities across the country has been brought to a standstill by the COVID-19 pandemic and the measures imposed to control it. While the impacts are being felt across all cities and industries, some are being hit harder than others. Key Findings The pace of recovery is expected to flatten, if not stall, over the coming quarters. Although some sectors of the economy have returned to normal, others w
Quarterly Update Retail Sales Rebound Canada’s retail sales increased 18.7% in May compared to the prior month when many retailers were closed due to COVID-19 pandemic lockdowns, according to Statistics Canada. Retail sales rose in 10 of 11 sub-sectors, led by motor vehicle and parts dealers (with an increase of 66.3%); general merchandise stores (+20.4%); clothing and clothing accessories stores (+92.6%); sporting goods, hobby, book, and music stores (+101.2%), and furniture