How long could the market be closed?

Authorities have not provided a firm timeline. Structural, electrical, and safety assessments must finish before any reopening plan is set. Expect updates from the co-op and local officials once inspections are complete. In the meantime, vendors should plan for several weeks of alternative sales channels and cash conservation.

What should vendors do in the first 72 hours?

Start a written timeline, photograph damage, separate salvageable goods, and secure refrigeration. Notify your insurer and landlord, back up sales records, and compile inventory and equipment lists. Contact your bank and key suppliers to discuss short-term relief. Post clear customer updates with pre-order and pickup options to keep some sales flowing.

Will business interruption insurance cover lost income here?

It can, if your policy includes business interruption and the loss meets the coverage terms. Expect a waiting period and documentation requirements. You will likely need prior sales records, ongoing expense details, and proof of extra costs. Confirm limits, deductibles, and exclusions with your broker or adjuster before making financial commitments.

How can customers support affected vendors now?

Follow vendors’ social feeds for pre-orders, pickup times, and pop-up events. Buy gift cards or CSA-style shares if offered. Share updates with friends, tip generously, and contribute to verified crowdfunding campaigns. Ask vendors about special orders or catering needs that fit their current capacity while the main venue remains closed.

What if my policy does not cover enough?

Document the shortfall and speak with your broker about endorsements or higher limits after recovery. In the near term, consider credit unions, supplier terms, and community fundraising. Keep cash needs lean, focus on high-margin products, and track every dollar to support future assistance applications or lender discussions.

Global Market Insights

December 27: Charlottetown Farmers’ Market Fire Closes 60‑Vendor Hub

ByHuzaifa Zahoor December 27, 2025December 27, 2025

The Charlottetown Farmers Market closed after a Christmas Day fire, pausing operations for roughly 60 vendors and their families. The co-op is assessing damage and exploring a temporary site. For local buyers and small firms, this is a sudden cash flow shock at year-end. We break down what is known, how small businesses can manage near-term costs, and where business interruption insurance and community funding might help during recovery in Prince Edward Island.