Drop in Active Canadian Businesses in Sectors Dependent on U.S. -- Market Talk

Dow Jones03-23

0851 ET - The number of active businesses operating in Canada was relatively stable last year, though there was a decline among businesses in sectors dependent on U.S. demand. Statistics Canada data shows the number of active businesses varied little on a monthly basis in 2025, while the business opening rate ranged from 4.5% to 5.1%, and with the exception of October the rate was at or above the historical average of 4.7%. Still, from January 2024 to December 2025 the number of active businesses in sectors such as the mining, oil and gas extraction, and manufacturing, fell by 2.9% compared with 0.7% in other sectors less exposed to U.S. trade. This is a gap that has widened over time and became more pronounced in 2025. (robb.stewart@wsj.com; @RobbMStewart)

(END) Dow Jones Newswires

March 23, 2026 08:51 ET (12:51 GMT)

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