Canadian Business Openings And Closures By Region And Industry

Statistics Canada provides monthly experimental counts of business openings, closures, and continuing operations across Canada from January 2015 onward. Data is available at national, provincial, territorial, and census metropolitan area levels, broken down by two-digit NAICS industry codes. Series are seasonally adjusted.

Use Cases

• Forecast monthly business closure rates for a specific NAICS sector in a province using historical time-series data.
• Analyze the correlation between regional economic shocks and business opening counts at the census metropolitan area level.
• Compare business continuation trends across different two-digit NAICS industries at the national level.
• Build a model to predict seasonal patterns in business openings using seasonally adjusted series.

Strengths

• Time series spans over 8 years, starting January 2015.
• Data disaggregated by geography (national to CMA) and industry (two-digit NAICS).
• Series are seasonally adjusted, facilitating trend analysis.

Limitations

• Data is labeled 'experimental', indicating potential methodological revisions.
• Specific row counts and sample sizes are undisclosed.
• Industry detail is limited to the two-digit NAICS aggregation.

Provenance

Source

Statistics Canada

Collection Method

Experimental estimates derived from administrative data sources.

Time Range

January 2015 to present

Freshness

Updated monthly, with last update in March 2026.

Geography

Canada, provinces, territories, census metropolitan areas