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Andrew Brassard is holding out hope, but he knows this could be the end of the line for his beloved bar.

The co-owner of Broken City, an 11th Avenue S.W. staple since 2004, is one of many business owners in Calgary hit hard by an economic downturn caused by the novel coronavirus pandemic.

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He says Broken City has lost around $45,000 in projected revenue since March 12. Brassard hopes to reopen once health conditions improve and social distancing measures are relaxed but, for now, all he can do is wait.

“It’s such a complex situation, it really changes day by day. For the most part, I’m optimistic that we’ll open the doors, but I’m not sure,” Brassard said.

“Just juggling day by day, there’s going to be payments we’re going to miss. It really depends.”

A survey of nearly 10,000 small business owners across Canada over the weekend found that around one in three feel they won’t survive longer than a month under the current economic conditions.