B.C. loses 6,600 businesses amid pandemic

February 22, 2021

The latest report revealed that BC had 6,600 fewer active businesses operating as of last October compared with a year earlier. Those losses amount to a decline of 5.1% businesses year over year. Overall, businesses operating in arts, entertainment and recreation experienced the biggest blows as of October 2020, with 10.3% fewer businesses operating in that sector. But since then, BC has seen employment growth steadily slow, with 23,900 jobs added in November, 4,400 jobs added in December and 2,800 jobs added in January.

Source: Business in Vancouver