COVID-related debt has not abated since the beginning of the year, with small businesses owing an average of nearly $170,000, according to a new report from the Canadian Federation of Independent Business (CFIB). “While the overall small business debt load due to COVID-19 has remained stable over the past six months, the actual repayment of this debt will be the next big obstacle that small businesses will face, especially as many are still seeing a slow pick up in revenues,…
