Is Drop in Business Openings Temporary or Permanent? - Daily Commercial News

The number of business openings in Canada fell by -2.2% in June. This was their largest one-month decline since the Covid-fueled drop of -2.8% in May 2020.

It is worth noting that a sharp drop in openings was accompanied by a -0.3% decline in payroll employment and little change in ‘real’ gross national product , due to a falloff in goods production that was just offset by a +0.1% increase in services-producing output., business closings in Canada were up by +4.4% in the first half of 2024. The bulk of this increase resulted from a +63.0% rise in Ontario, together with gains of +23.9% in Alberta and +11.2% in British Columbia.

Over the past 12 months, among Canada’s 19 major industries, the number of active businesses rose in just three, led by health care and social assistance , and followed at a great distance by education services and utilities . Across the country, two-thirds of the decline in active construction companies occurred in Ontario where, over the past 12 months, a -18% fall in the number of business openings has been accompanied by a +19.1% rise in business closings.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business owner says there are still questions about temporary sheltersA member of the Fort William BIA said there are still many questions the city needs to answer when it comes to constructing a temporary shelter village in the downtown south core.
Källa: tbnewswatch - 🏆 75. / 51 Läs mer »

US job openings rise to 8 million as labor market remains sturdyWASHINGTON (AP) — U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience. The Labor Department reported Tuesday that employers posted 8 million vacancies in August, up from 7.7 million in July.
Källa: SooToday - 🏆 8. / 85 Läs mer »