Analysis on businesses majority-owned by immigrants to Canada and businesses majority-owned by racialized persons, fourth quarter of 2022

A variety of different factors impact the ability of Canadian businesses to operate, such as the geographical location of businesses, the industry the businesses operate in, and the size of businesses. Differences may also be apparent when looking at different categories of business owners, as different segments of the Canadian population face different challenges at a personal level, and as owners of businesses. From the beginning of October to early November 2022, Statistics Canada conducted the Canadian Survey on Business Conditions (CSBC) 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 and businesses majority-owned by racialized persons. While there is some degree of crossover between these two sub-populations, they are two distinct groups and face different challenges. The information and trends presented in this article are based on data collected via the CSBC.