The COVID fee: Why many services could cost you more as Toronto reopens for business - News Summed Up

The COVID fee: Why many services could cost you more as Toronto reopens for business


Call it the COVID fee — the surcharge some Toronto businesses are tacking on as they open their doors to customers again. "There are instances when it can be appropriate," said Lisa Kramer, a professor of finance at the University of Toronto. "They might be needed to disinfect surfaces much more frequently than normal," Kramer told CBC Toronto. Passing the cost to on to consumers is a difficult decision for business owners to make, Mallough says. "The hope is that it's not going to be too long and that [when] business revenues get back to a healthier place they'll be able to take on that cost," Mallough said.


Source: CBC News June 25, 2020 09:00 UTC



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