
In December, the number of active businesses did not increase for the sixth consecutive month. The contraction of the number of active businesses in December (-0.3%; -2,374) was mainly driven by the slight decrease in the business opening rate, from 4.5% in November to 4.4% in December. The business opening rate was 0.3 percentage points below its 2015-to-2019 historical average. The decrease in the business opening rate in December 2022 was due to the decline in the reopening rate from 2.8% to 2.7%, as the entry rate remained at 1.7%. The business closure rate held relatively steady at 4.6%, equal to its historical average.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).