Expectations and economic outlook among businesses majority-owned by immigrants, third quarter of 2022

From the beginning of July to early August 2022, Statistics Canada conducted the Canadian Survey on Business Conditions to collect information on the environment businesses are currently operating in and their expectations moving forward. This article explores results from the survey by looking at the businesses majority-owned by immigrants to Canada. In the third quarter of 2022, differences in expectations between these businesses and all private sector businesses in Canada were noted in various key areas, such as their overall future outlook on financial position in addition to obstacles faced such as rising costs and increasing competition.