![A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. Co-working company IWG, which owns on-demand office brands Regus and Spaces, is seeking creditor protection in Canada. The company says it has reached an impasse in negotiations with some of its landlords, after the COVID-19 pandemic forced many occupants to either work from home or offer late payments. IWG Bankruptcy Protection 20200903](https://i.cbc.ca/1.5805828.1610591418!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/iwg-bankruptcy-protection-20200903.jpg)
More than 200,000 Canadian businesses could close permanently during the COVID-19 crisis, throwing millions of people out of work as the resurgence of the virus worsens across much of the country, according to new research.
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