BUSINESS: Toronto loses almost120,000 jobs and 3480 businesses in 2020 – by BlogTO

• This is how many businesses closed down in Toronto last year – by BlogTO

Toronto Skyline at night taken from Center Island.

With a staggering 119,890 jobs lost, Toronto just saw its largest single-year employment decline in recorded history — and that was before the current eight-week-long (and counting) shutdown of all non-essential businesses and services.

We have the city’s 2020 Toronto Employment Survey to thank for this information, plus a whole bunch of other unsettling economic facts.         

Set to go before the Planning and Housing Committee at City Hall on Thursday, the 38th annual employment survey reveals that Toronto had 3,480 less business establishments by the end of 2020 than it did at the beginning of the year.

READ MORE: https://www.blogto.com/city/2021/05/how-many-toronto-businesses-closed-last-year/