Business performance and ownership

Description: Release published in The Daily – Statistics Canada’s official release bulletin

Description: The Biannual Survey of Suppliers of Business Financing is conducted by Statistics Canada to collect and report aggregate information on the financing of business in Canada. This tool includes information on data collected from the major suppliers of business financing including domestic banks and other banks, credit unions and caisse populaires, finance companies (including some Government Business Enterprises), portfolio managers, and insurance companies.

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Semi-annual business debt for all supplier types, by financing characteristics and authorization level, displayed in millions of dollars, unless otherwise specified.

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Semi-annual business debt for all supplier types, by financing characteristics and by the North American Industry Classification System (NAICS), displayed in millions of dollars unless otherwise specified.

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Semi-annual business debt for all supplier types, by financing characteristics and credit instrument type, displayed in millions of dollars unless otherwise specified.

Description: This study examined the impact of federal business innovation and growth support (BIGS) programs on firm financial performance measured using revenue, profit and employment metrics. Using Statistics Canada’s Business Linkable File Environment data, the study observed the effects of BIGS on exporting versus non-exporting firms and Canadian- versus U.S.-owned firms from 2015 to 2020. Unlike previous studies that relied mainly on survey data, one significant aspect of this research was the use of a new dataset, enabling panel data structures and models to be employed. To assess the impact of BIGS and research and development spending on three interrelated measures of firm financial performance, the CDM (Crépon et al., 1998) framework was adopted.

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Monthly operating and financial statistics (number of thousands of: passengers, passenger-kilometres, available seat-kilometres, load factor, hours flown, turbo fuel consumed in litres, and total operating revenues) for major Canadian airlines.

Description: Reports on Special Business Projects is an occasional series that focuses primarily on the results of special surveys or special projects conducted by the Centre for Special Business Projects. The reports cover a wide range of topics, which include business performance and trends, custom tabulations of business data, economic impact studies, new measurement frameworks and indicators to support program development, monitoring and performance assessment, territorial economic indicators and other special studies.

Description: Counts of Entrants, Incumbents, and Exits by North American Industry Classification System, for each province and territory from the Longitudinal Employment Analysis Program.

Description: Entrants, Incumbents, and Exits by firm size, for each province and territory from the Longitudinal Employment Analysis Program.

Description: This interactive dashboard allows users to examine financial and employment variables for enterprises aggregated at the industry and industry aggregation level, as well as at the provincial, territorial and regional level.

Financial statistics are based on the Financial and Taxation Statistics for Enterprises product (survey 2510) and are calculated to the province and territory level using employment allocation factors based on profiled data from the Business Register and administrative data from the Canada Revenue Agency T4 Supplemental file.

The employment data has been aggregated at the industry and industry aggregation level, using the annual provincial program of Canadian Productivity Accounts (survey 5103) which produces annual data on jobs by province and territory.

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This table contains 27 series, with data starting from 1981 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Type of currency (27 items: Australian dollar, daily average; Brazilian real, daily average; Chinese renminbi, daily average; European euro, daily average; ...).

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Selected annual aggregate balance sheet and income statement items representing incorporated enterprises operating in Canada, for all industries, presented in millions of dollars.

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Selected annual aggregate balance sheet and income statement items representing incorporated financial enterprises operating in Canada, presented in millions of dollars.

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Selected annual aggregate balance sheet and income statement items representing incorporated non-financial enterprises operating in Canada, presented in millions of dollars.

Description: Selected financial and employment variables for enterprises presented in millions of dollars at the industry and industry aggregation level, as well as at the provincial, territorial and regional level.

Description: The need for alternative data sources is of growing importance for both supplementing Statistics Canada's data holdings and for nowcasting economic activity. In response to this need, Statistics Canada initiated the development of a Real-time Local Business Conditions Index (RT-LBCI). The index brings together data from a few different sources, including Google's Places API (containing data on temporary and permanent businesses closures), TomTom Real-time traffic API (road traffic data), as well as information from Statistics Canada data holdings (monthly retail and wholesale, Business Register, etc.). The project aims to compute a near real-time index of economic activity in Canadian major cities.

Description: This table contains 71 series, with data starting from 1934 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Rates (71 items: Bank rate; last Tuesday or last Thursday; Bank rate; Chartered bank administered interest rates - prime business; Chartered bank - consumer loan rate ...).

Description: This table contains 38 series, with data starting from 1957 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Rates (38 items: Bank rate; Chartered bank administered interest rates - prime business; Chartered bank - consumer loan rate; Forward premium or discount (-), United States dollars in Canada: 1 month; ...).

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The RT-LBCI is released as an experimental statistic. It is intended to provide a real-time signal on business activities following the disruptions brought about by the pandemic and through the recovery phase.

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Small firms are often seen to be the engines of growth. There are two main sources of empirical evidence that are adduced to support this conclusion. The first is that job creation has been coming mainly from small firms. The second is that the share of employment accounted for by small firms has increased in the past two decades. Both of these sources rely on a simple metric--employment. This paper asks whether changes in this metric affect the view of the role that small firms play in the growth process.

The first section of the paper maintains employment as the measure that is used to evaluate the importance of small firms but modifies the raw measure of employment to correct for the fact that small firms pay lower wages than large firms. The paper examines the evidence indicating that smaller producers in the manufacturing sector pay lower wages and that this differential has grown over time. It then uses relative wage rates to create a measure of employment that is adjusted for wage differentials. When this is done, small producers no longer outperform large producers in terms of job creation over the 1970s and 1980s in the Canadian manufacturing sector.

The second section of the paper changes the metric used to evaluate relative performance by moving from employment to output and labour productivity. The paper demonstrates that while small producers have increased their employment share dramatically, they have barely changed their output share. Small firms have been falling behind large firms both with respect to wages paid and labour productivity. Large producers have been decreasing their relative employment while maintaining their relative output share, thereby making dramatic strides in increasing their relative labour productivity.

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Firm turnover occurs as firms gain and lose market share as part of the competitive struggle. The reallocation of market share from one group to another is associated with productivity gain as the less productive lose share and the more productive gain market share. This paper examines the extent to which productivity has been enhanced by firm turnover over the last twenty years. It focuses on the extent to which this process changed during the 1980s and thereby contributed to the slowdown in productivity growth that was experienced by the manufacturing sector.

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This paper outlines the structure of payroll taxes and documents evidence on the level, growth and role of each component over the last three decades for Canada and for each province. Levied by both the federal and provincial governments, payroll taxes in Canada include four major components: i) unemployment insurance (UI) premiums; ii) Canada/Quebec Pension Plan (C/QPP) contributions; iii) workers compensation (WC) premiums; and iv) the provincial health/post-secondary education (H/E) tax levied by Quebec, Manitoba, Ontario and Newfoundland. While the UI and C/QPP components are levied on both employers and employees, the WC and H/E components are levied on employers only. Our main findings are 1) payroll taxes have increased substantially over the last three decades in Canada as a whole and in every province; 2) the structure, level, growth and role of each component of payroll taxes vary remarkably from one province to another; 3) the expansion of the UI component in recent years has been the largest contributor to the rise in payroll taxes across every province in the country; and 4) despite significant growth in recent years, payroll taxes are still much lower in Canada than in most other western industrialized countries.

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This paper investigates the dynamics of job reallocation in the manufacturing sector of Canada. It does so by examining the pattern and magnitude of job gain, job loss, and total job turnover due to growth and decline of some firms, and entry and exit of other firms. It also investigates how the effect of cyclical as opposed to structural influences on job turnover have changed over time. Finally, the paper investigates whether the pattern and magnitude of job turnover differ across industries and across regions, and whether the differences are either caused by differences in cyclical sensitivity of job creation and job destruction or in the extent to which restructuring is taking place.

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This paper examines the maturation process of firms that enter an industry by constructing new plant and investigates the extent to which improvements in the performance of an entry cohort are the result of a selection process that culls out the most inefficient entrants or of a learning process that allows survivors to improve their performance relative to incumbent firms. Both selection and evolutionary learning are related to post-entry performance. Despite the difference in the effect of selection and learning on the amount of post-entry growth, selection per se is a more important contributor to overall growth of a cohort.

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This study examines the characteristics of small and medium-sized firms that perform training. It uses data taken from a recent Statistics Canada survey that permit firms' training decisions to be analyzed within the broader context of their many activities and strategies.

The study finds strong evidence for the hypothesis that human capital development facilitated by training is complementary to innovation and technological change. Training incidence is found to be closely related to the importance that a firm gives to research and development, the use of new technologies, and numerous other strategies that are related to innovation. Training is also greater where a firm emphasizes quality and a comprehensive human-resource strategy. The results point to the inherent complementarity of technology and human resources policy.

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This study investigates differences in the policies being pursued by innovative and non-innovative firms. It focuses on a broad group of strategies -- in marketing, finance, production, management and human resources and asks whether there are key areas in which the strategies being followed by innovative and non-innovative firms differ. It also asks how the activities of firms in each of these areas differs. Finally, it compares the performance of innovative and non-innovative firms. The study finds that innovative firms place a greater emphasis on management, human resources, marketing, financing, government programs and services, and production efficiencies. In most of these areas, innovative firms pursue activities more intensively. Finally, innovative firms are more successful than non-innovative firms.

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This study examines the differences in strategies and activities pursued by a sample of more-successful and less-successful group of growing small- and medium-sized enterprises. Amongst other matters, it examines different functional strategies -- the importance of management, human resource practices, marketing, financing, and the innovativeness of the firm. Innovative activities are the most important determinants of success; that is, for a wide range of industries, they serve to discriminate between the more- and the less-successful firms better than any other variable. Almost all of the strategy questions that relate to innovative activity receive higher scores from the more-successful group of firms than from the less-successful group of firms. This is also the case for innovative activities -- whether a firm possesses an R&D unit, its expenditure on R&D relative to total investment, and its R&D-to-sales ratio.

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This paper uses job turnover data to compare how job creation, job destruction and net job change differ for small and large establishments in the Canadian manufacturing sector. It uses several different techniques to correct for the regression-to-the-mean problem that, it has been suggested, might incorrectly lead to the conclusion that small establishments create a disproportionate number of new jobs. It finds that net job creation for smaller establishments is greater than that of large establishments after such changes are made. The paper also compares the importance of small and large establishments in the manufacturing sectors of Canada and the United States. The Canadian manufacturing sector is shown to have both a larger proportion of employment in smaller establishments but also to have a small establishment sector that is growing in importance relative to that of the United States.

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The statistical observation that small firms have created the majority of new jobs during the 1980s has had a tremendous influence on public policy. Governmentshave looked to the small firm sector for employment growth, and have promoted policies to augment this expansion. However, recent research in the US suggeststhat net job creation in the small firm sector may have been overestimated, relative to that in large firms. This paper addresses various measurement issues raised inthe recent research, and uses a very unique Canadian longitudinal data set that encompasses all companies in the Canadian economy to reassess the issue of jobcreation by firm size. We conclude that over the 1978-92 period, for both the entire Canadian economy and the manufacturing sector, the growth rate of (net)employment decreases monotonically as the size of firm increases, no matter which method of sizing firms is used. The small firm sector has accounted for adisproportionate share of both gross job gains and job losses, and in that aggregate, accounted for a disproportionate share of the employment increase over theperiod. Measurement does matter, however, as the magnitude of the difference in the growth rates of small and large firms is very sensitive to the measurementapproaches used. The paper also produces results for various industrial sectors, asks whether the more rapid growth in industries with a high proportion of smallfirms is responsible for the findings at the all-economy level, and examines employment growth in existing small and large firms (ie excluding births). It is found thatemployment growth in the population of existing small and large firms is very similar.

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These papers consist of research related to business and trade statistics.

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The Unified Enterprise Survey (UES) incorporates several annual business surveys into an integrated survey framework. It aims to ensure Statistics Canada receives consistent and integrated data from many types and sizes of businesses, with enough detail to produce accurate provincial statistics. This year, 17 industry surveys are included in the UES, as well as two cross-industry surveys of large enterprises.

Description: The Business Register (BR) is Statistics Canada's continuously-maintained central repository of baseline information on businesses and institutions operating in Canada. As a statistical register, it provides listings of units and related attributes required for survey sampling frames, data integration, stratification and business demographic statistics. The BR is a major pillar of the agency's business statistics programs, including the Census of Agriculture.

Description: The survey collects financial data from electric utilities in Canada. The information is used as input to the Canadian System of National Accounts. Federal (National Energy Board) and provincial agencies are also provided with data on a regular basis.

Description: This annual survey collects information on Canadian companies involved in the contract drilling and other services to the oil and gas extraction industry. The survey collects financial and operating statistics.

Description: This annual survey collects information on Canadian companies involved in the oil and gas exploration, development and production industry. The survey collects financial, income and balance sheet information as well as operating statistics.

Description: This annual survey collects data on the general position of Canadian companies primarily engaged in the gathering and transportation of crude oil and other petroleum products.

Description: This annual survey collects data on the general position of Canadian companies primarily engaged in the transportation and distribution of natural gas.

Description: This survey collects the financial and operating data needed to develop national and regional economic policies and programs.

Description: This survey collects the financial and operating data needed to develop national and regional economic policies and programs.