Monthly estimates of business openings and closures, March 2022

July 4, 2022, 8:44 a.m. (EDT)

In March 2022, the number of active businesses (-0.2%; -1,927) decreased for the second consecutive month but remained above its February 2020 pre-COVID-19 pandemic level. This decrease was entirely due to the decline in the opening rate from 4.8% in February to 4.6% in March, as the business closure rate remained unchanged at 4.8%.

Continue reading

Contact information

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136514-283-8300infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).