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Impact of COVID-19 on businesses majority-owned by visible minorities in Canada, second quarter of 2021. Statistics Canada.
June 14, 2021 | BY Toor, K & Smailes, M. (2021, June 14).
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Key Takeaway
 Businesses majority-owned by visible minorities face greater obstacles compared to other private businesses.

 This research explores the impact of COVID-19 on businesses majority-owned by visible minorities in the second quarter of 2021, using data from the Canadian Business Survey. Businesses majority-owned by visible minorities represent 13% of all private sector businesses.  

The authors find that businesses majority-owned by visible minorities face greater decreases in demand, prices, sales and profitability compared to all private sector businesses. These businesses also face greater challenges in four of the five top obstacles for private businesses: attracting new or returning customers, fluctuations in consumer demand, insufficient demand, and maintaining sufficient cash flow or managing debt.

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Labour Market Impact
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