Small Business Week was originally created to honor Canadian small businesses and their contributions to our economy - and those contributions are well worth celebrating.
Here are some Canadian small business statistics from a recent study called Canada's Small Business Juggernaut, by BMO Financial Group's Chief Economist Dr. Sherry Cooper.
- Small businesses employed roughly five million people in 2008, comprising nearly half of the private-sector labour force.
- Between 1998 and 2008, small businesses created more than one-third of all new private sector jobs. In 2008, they created roughly 70,000 jobs, almost 70% of the Canadian total.
- About 25% of small businesses operate in the goods-producing sector and the remaining 75% are in service industries.
- It is estimated that 46% of small and medium-sized enterprises (SMEs) have some degree of female ownership.
What Industries Have the Most Small Businesses?
- Construction
- Non-institutional health care
- Professional services
- Retail
- Accommodation & food services
- Truck transportation
- Forestry
Some talking points for your next networking or social event - the main one being that Canadian small businesses are not just surviving; they're thriving!
More Canadian Small Business Statistics
- Canadian Small Business Statistics on Women in Business
- Canadian Small Business Statistics on Being a Small Business Owner
- Canadian Small Business Statistics on Starting a Business
Most Popular Articles | Newsletter | SB Canada Forum | RSS Feeds | Follow Me on Twitter
Comments
No comments yet. Leave a Comment