Small Business Growth Capacity in Canada

Small businesses are the backbone of Canada’s economy. They account for nearly 98 percent of all employer businesses in the country and provide jobs to millions of Canadians. Beyond their role in employment, they drive innovation, create community identity, and fuel local economies. But the real question today is: what does growth capacity look like for small businesses in Canada, and how can it be expanded?

The Current Landscape

Canada’s small business sector has shown remarkable resilience, particularly in the years following the pandemic. While many faced closures and disruptions, those that adapted quickly—through digital tools, e-commerce, and flexible operations—found ways to not only survive but also grow. Access to new markets, shifting consumer behavior, and technological adoption are now central to growth strategies.

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