A study conducted in the first quarter of 2021 analyzed the impact of the coronavirus on Canadian businesses owned by specific populations. Among the different groups taken into account, companies owned by visible minorities recorded the highest losses in revenue during 2020. Specifically, 48.3 percent of these enterprises reported a 30 percent or more decline in revenue in 2020 compared with 2019. For companies owned by immigrants, the share amounted to 43 percent. By contrast, the highest percentages of businesses that reported an increase in revenue in 2020 were owned by women, and by First Nations, Métis or Inuit persons.
Business revenue from 2020 compared with 2019 among specific populations' ownership in Canada
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Other statistics that may interest you Coronavirus: impact on the retail landscape in Canada
Overview
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Impact of COVID-19 on Canadian retail
8
- Basic Statistic Change in retail sales of supermarkets and other grocery stores in Canada 2012-2022
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Shopping behavior
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- Premium Statistic Food stockpiling by Canadians due to coronavirus by region March 2020
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E-commerce
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- Premium Statistic E-commerce penetration rate in Canada 2020-2029
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StatCan. (March 26, 2021). Business revenue from 2020 compared with 2019 among specific populations' ownership in Canada [Graph]. In Statista. Retrieved June 10, 2024, from https://internal.statista.com/statistics/1227158/impact-of-coronavirus-on-business-revenue-in-canada/
StatCan. "Business revenue from 2020 compared with 2019 among specific populations' ownership in Canada." Chart. March 26, 2021. Statista. Accessed June 10, 2024. https://internal.statista.com/statistics/1227158/impact-of-coronavirus-on-business-revenue-in-canada/
StatCan. (2021). Business revenue from 2020 compared with 2019 among specific populations' ownership in Canada. Statista. Statista Inc.. Accessed: June 10, 2024. https://internal.statista.com/statistics/1227158/impact-of-coronavirus-on-business-revenue-in-canada/
StatCan. "Business Revenue from 2020 Compared with 2019 among Specific Populations' Ownership in Canada." Statista, Statista Inc., 26 Mar 2021, https://internal.statista.com/statistics/1227158/impact-of-coronavirus-on-business-revenue-in-canada/
StatCan, Business revenue from 2020 compared with 2019 among specific populations' ownership in Canada Statista, https://internal.statista.com/statistics/1227158/impact-of-coronavirus-on-business-revenue-in-canada/ (last visited June 10, 2024)
Business revenue from 2020 compared with 2019 among specific populations' ownership in Canada [Graph], StatCan, March 26, 2021. [Online]. Available: https://internal.statista.com/statistics/1227158/impact-of-coronavirus-on-business-revenue-in-canada/