Canada has 100,000 fewer entrepreneurs than it did 20 years ago, says a report from the Business Development Bank of Canada (BDC) using StatCan data. That’s despite the population growing by 10 million people over the same period.
BDC, a crown corporation which provides loans for small and medium-sized businesses, produced the report for Small Business Week. It defines an entrepreneur as a self-employed job creator. Pierre Cléroux, BDC’s chief economist, said that 20 years ago there were three Canadians in every 1,000 becoming entrepreneurs each year. That is now down to 1.3, BDC says.