According to a study conducted in the first quarter of 2021, a large share of businesses (43 percent) in Canada expected the profitability to stay about the same in the upcoming three months. However, the profitability of companies owned by immigrants as well as owned by visible minorities was believed to experience a decrease. Specifically, 56.2 percent of representatives of businesses owned by immigrants and 58 percent by visible minorities declared that in the next three months their profitability 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 profitability over 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 profitability over the next three months among specific populations' ownership in Canada as of 1st quarter 2021 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1227146/business-profitability-in-the-next-months-in-canada/
StatCan. "Business expectations of profitability over the next three months among specific populations' ownership in Canada as of 1st quarter 2021." Chart. March 26, 2021. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1227146/business-profitability-in-the-next-months-in-canada/
StatCan. (2021). Business expectations of profitability over the next three months among specific populations' ownership in Canada as of 1st quarter 2021. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1227146/business-profitability-in-the-next-months-in-canada/
StatCan. "Business Expectations of Profitability over 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/1227146/business-profitability-in-the-next-months-in-canada/
StatCan, Business expectations of profitability over the next three months among specific populations' ownership in Canada as of 1st quarter 2021 Statista, https://www.statista.com/statistics/1227146/business-profitability-in-the-next-months-in-canada/ (last visited December 23, 2024)
Business expectations of profitability over 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/1227146/business-profitability-in-the-next-months-in-canada/
