According to a study conducted in the first quarter of 2021, a large share of businesses (48 percent) in Canada expected the demand for products and services to stay about the same in the upcoming three months. However, the demand for products and services offered by companies owned by immigrants as well as owned by visible minorities is believed to experience a decrease. Specifically, 37.6 percent of representatives of businesses owned by immigrants and 37.4 percent by visible minorities declared that in the next three months the demand is expected to drop. Among the different four population groups taken into account, the most impacted companies by the pandemic seem to be those owned by the last two groups mentioned.
Business expectations of products and services demand in the next three months among specific populations' ownership in Canada as of 1st quarter 2021
Online questionnaire. Majority ownership is defined at 51% or more. Majority-ownership was reported for private sector businesses only.
Adapted from Statistics Canada, Impact of COVID-19 on businesses majority-owned by specific populations, first quarter of 2021, page 7, January 11 to February 11, 2021. This does not constitute an endorsement by Statistics Canada of this product.
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StatCan. (March 26, 2021). Business expectations of products and services demand in the next three months among specific populations' ownership in Canada as of 1st quarter 2021 [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1227144/demand-for-products-and-services-expectations-in-canada/
StatCan. "Business expectations of products and services demand in the next three months among specific populations' ownership in Canada as of 1st quarter 2021." Chart. March 26, 2021. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1227144/demand-for-products-and-services-expectations-in-canada/
StatCan. (2021). Business expectations of products and services demand in the next three months among specific populations' ownership in Canada as of 1st quarter 2021. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1227144/demand-for-products-and-services-expectations-in-canada/
StatCan. "Business Expectations of Products and Services Demand in The next Three Months among Specific Populations' Ownership in Canada as of 1st Quarter 2021." Statista, Statista Inc., 26 Mar 2021, https://www.statista.com/statistics/1227144/demand-for-products-and-services-expectations-in-canada/
StatCan, Business expectations of products and services demand in the next three months among specific populations' ownership in Canada as of 1st quarter 2021 Statista, https://www.statista.com/statistics/1227144/demand-for-products-and-services-expectations-in-canada/ (last visited November 05, 2024)
Business expectations of products and services demand in the next three months among specific populations' ownership in Canada as of 1st quarter 2021 [Graph], StatCan, March 26, 2021. [Online]. Available: https://www.statista.com/statistics/1227144/demand-for-products-and-services-expectations-in-canada/
