Local stores in many neighborhoods of Quebec are witnessing a rapid wave of closures, amid accumulating economic challenges that have directly affected their ability to survive, according to a report published by CTV News.

Owners of these small businesses attribute the closures to a combination of rising operational costs, decreasing foot traffic in traditional stores, as well as fierce competition from major retail chains and online platforms.

Ricardo Basileco, who recently closed the family store after 45 years of operation, says: "We are witnessing the end of an era; this store was part of people's daily lives, but we can no longer bear the financial burden."

The CTV News report also points out that the repercussions of the COVID-19 pandemic have contributed to accelerating this decline, as consumers increasingly rely on online shopping, while traditional store owners face difficulties in rebuilding their customer base.

Other factors are also highlighted, such as changing lifestyles in neighborhoods, rising rental costs, and municipal taxes, which lead many merchants to consider shutting down rather than accumulating losses.

Francois Vincent, vice president of the Canadian Federation of Independent Business, expressed concern over this phenomenon, stating that the continuation of this trend threatens the fabric of social and economic life in local communities. He said: "Small stores are not just places for selling; they are interactive spaces that bring residents together and give neighborhoods their unique identity."

In contrast, some voices are calling for urgent government intervention, whether through specific tax relief or targeted support programs aimed at stimulating the continuity of these vital activities.

The report concludes that the continued closure of local stores in Quebec may have far-reaching effects on the local economy and quality of life for residents, which requires decision-makers to seek innovative solutions to preserve these establishments from extinction.