Hard-hit restaurants pushed to brink as second wave of COVID-19 hits
Source the Globe and mail
The first wave of COVID-19 broke the math that fuels restaurants - their expectation of steady revenues gone in an instant, leaving little to cover costs. The pandemic's second wave is shattering the sector itself.
Main Street or Bay Street, major chain or mom-and-pop: Restaurants and bars are gathering places for communities. But gathering is now dangerous, and this fall's combination of restrictions, lockdowns and jurisdictionally staggered government relief programs has left the hospitality sector at the edge of destruction - giving the clearest glimpse yet of the long tail of the pandemic's economic devastation.
Many restaurateurs are on the cusp of giving up. Some already have.