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Sagarika Agarwal posted an update
🌟 SMEs: The Heart of Canada’s Economy 🌟
Did you know that 99.8% of all Canadian businesses are SMEs?
From local shops to innovative startups, small and medium-sized enterprises are the true backbone of our economy.✅ They employ over 10 million Canadians – that’s more than half of the private sector workforce.
✅ They contribute nearly 50% of Canada’s GDP, driving growth across every province and sector.
✅ They power trade, making up around 40% of our exports and nearly 73% of exporting firms.
✅ They fuel local communities, with 84% of dollars spent at small retailers staying within the local economy.In 2025, SMEs are also leading the charge in digital transformation:
🚀 94% have prioritized tech investments
🤖 91% are embracing AI tools
📈 Digitally mature SMEs are seeing higher efficiency and customer satisfaction.Yes, challenges like rising costs, tariffs, and uncertainty remain—but Canadian SMEs continue to prove their resilience, adaptability, and innovation.
👉 Supporting SMEs means supporting Canada’s growth, jobs, and communities.
#CanadianSME #SmallBusiness #Innovation #Entrepreneurship #CanadaEconomy