One in four private sector businesses are owned by immigrants—how are they doing?
According to the most recent data from the Canadian Survey of Business Conditions (CSBC), there were just over one million private-sector businesses in Canada in the first quarter of 2024, and about one in four of them (23.7%) was majority owned by an immigrant to Canada. This was almost equal to the proportion of immigrants (23.0%) among the nearly 37 million Canadians counted in the 2021 Census.