In 2018, there were an estimated 66,880 Black business owners in Canada, accounting for 2.1% of all business owners. The majority of them were men (70.4%), immigrants (61.4%) and lived in Ontario (50.6%) or Quebec (23.3%). Furthermore, black-owned businesses represented 2.9% of unincorporated businesses and 1.6% of incorporated businesses. Regardless of the type of business, those owned by Black people were on average smaller than those owned by White people or other racialized individuals.
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