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Business expectations of products and services demand in the next three months among specific populations' ownership in Canada as of 1st quarter 2021

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Source

Release date

March 2021

Region

Canada

Survey time period

January 11 to February 11, 2021

Special properties

representatives from businesses

Method of interview

Questionnaire

Supplementary notes

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.

Citation formats

Demand for products and services' expectations in Canada 2021, by ownership

Published by Agne Blazyte, Apr 8, 2021
According to a study conducted in the first quarter of 2021, a large share of businesses (** percent) in Canada expected the demand for products and services to stay about the same in the upcoming 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, **** percent of representatives of businesses owned by immigrants and **** percent by visible minorities declared that in the next months the demand is expected to drop. Among the different **** population groups taken into account, the most impacted companies by the pandemic seem to be those owned by the last two groups mentioned.
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