Big Question
Economy & productivityStandingBlocked

Is Canada renewing its business base?

A stable employer count can conceal substantial entry, return and closure. Reading that movement beside corporate credit and insolvencies helps explain the business environment without confusing different populations or treating every closure as a failure.

What Measured, Contested and Blocked mean →

A stable employer count can conceal substantial entry, return and closure. Reading that movement beside corporate credit and insolvencies helps explain the business environment without confusing different populations or treating every closure as a failure.

Business Dynamism & Credit · assessed 2026-09-09

A near-flat business count hides a busy economy.

Employers open, return and stop employing people every month. Read that movement alongside corporate borrowing, lenders’ conditions and formal insolvencies to see different parts of the business environment.

Active employer businesses936,9592026-05 · Canada · seasonally adjusted
Change from a year earlier-891-0.10% · same count series
Business insolvency filings4,74212 months to 2026-07 · bankruptcies and proposals under the BIA

An opening can be a returning employer. A closure can be temporary. Insolvency filings and corporate debt cover different populations from the employer counts; they cannot be divided into a common business failure rate or used to establish causes.

Employer dynamics: 2026-05 · corporate debt: 2026-06 · insolvencies: 2026-07 · lending survey: 2026 Q2

Opening employers46,1222026-05 · returning employers and entrants
Closing employers46,858Transition from employees to no employees
Change in active employers-107From the preceding month · seasonally adjusted

The opening rate is 4.92% and the closing rate is 5.00%. Each is calculated as the current month’s count divided by the preceding month’s active count, 937,066. These are Countability’s count-based rates, not a separate published rate series.

Active employer businesses, Canada

Businesses · seasonally adjusted

Active employer businesses, Canada781,438838,119894,800951,4812015-012018-102022-082026-05

Some observations carry issuer quality warnings. The following data table identifies each affected period.

Data: Active employer businesses, Canada
Data: Active employer businesses, Canada
PeriodBusinesses · seasonally adjustedSource quality
2015-01870,075No flag
2015-02872,346No flag
2015-03874,296No flag
2015-04874,990No flag
2015-05877,874No flag
2015-06876,485No flag
2015-07879,082No flag
2015-08880,757No flag
2015-09878,856No flag
2015-10880,236No flag
2015-11881,002No flag
2015-12878,682No flag
2016-01890,436Use with caution
2016-02880,129No flag
2016-03879,629No flag
2016-04882,255No flag
2016-05881,281No flag
2016-06881,448No flag
2016-07881,149No flag
2016-08881,019No flag
2016-09880,469No flag
2016-10880,924No flag
2016-11881,359No flag
2016-12884,015No flag
2017-01886,144No flag
2017-02889,213No flag
2017-03884,226No flag
2017-04885,781No flag
2017-05888,947No flag
2017-06892,660No flag
2017-07888,703No flag
2017-08890,797No flag
2017-09893,263No flag
2017-10891,845No flag
2017-11892,760No flag
2017-12892,488No flag
2018-01893,197No flag
2018-02895,348No flag
2018-03896,385No flag
2018-04897,626No flag
2018-05894,658No flag
2018-06900,096No flag
2018-07900,152No flag
2018-08897,639No flag
2018-09898,691No flag
2018-10899,546No flag
2018-11899,296No flag
2018-12899,564No flag
2019-01899,133No flag
2019-02900,562No flag
2019-03903,380No flag
2019-04904,602No flag
2019-05906,063No flag
2019-06906,961No flag
2019-07908,005No flag
2019-08909,172No flag
2019-09907,822No flag
2019-10906,892No flag
2019-11905,238No flag
2019-12906,932No flag
2020-01904,346Use with caution
2020-02903,195No flag
2020-03873,784No flag
2020-04816,298No flag
2020-05793,165No flag
2020-06799,906Use with caution
2020-07821,262No flag
2020-08836,967No flag
2020-09852,654No flag
2020-10862,501No flag
2020-11863,966No flag
2020-12878,538Use with caution
2021-01883,010No flag
2021-02887,750No flag
2021-03893,305No flag
2021-04892,885No flag
2021-05893,565No flag
2021-06893,151No flag
2021-07901,562No flag
2021-08903,641No flag
2021-09905,253No flag
2021-10909,234No flag
2021-11911,894No flag
2021-12913,858No flag
2022-01918,588No flag
2022-02919,950No flag
2022-03922,551No flag
2022-04925,517No flag
2022-05926,249No flag
2022-06926,833No flag
2022-07927,742No flag
2022-08928,101No flag
2022-09928,848No flag
2022-10928,575No flag
2022-11928,187No flag
2022-12930,363No flag
2023-01935,128No flag
2023-02934,869No flag
2023-03929,764No flag
2023-04928,406No flag
2023-05933,072No flag
2023-06935,019No flag
2023-07934,056No flag
2023-08935,241No flag
2023-09933,914No flag
2023-10935,002No flag
2023-11936,392No flag
2023-12936,139No flag
2024-01939,023No flag
2024-02939,471No flag
2024-03939,631No flag
2024-04938,640No flag
2024-05939,269No flag
2024-06936,953No flag
2024-07937,892No flag
2024-08936,971No flag
2024-09937,169No flag
2024-10937,636No flag
2024-11936,396No flag
2024-12938,261No flag
2025-01938,258No flag
2025-02938,326No flag
2025-03938,170No flag
2025-04937,780No flag
2025-05937,850No flag
2025-06938,630No flag
2025-07938,561No flag
2025-08938,539No flag
2025-09939,754No flag
2025-10937,976No flag
2025-11938,515No flag
2025-12937,801No flag
2026-01936,326No flag
2026-02936,065No flag
2026-03935,719No flag
2026-04937,066No flag
2026-05936,959No flag

Openings minus closures is -736, while the active count changes by -107. The difference is 629. Seasonal adjustment and the construction of these separate series mean their rounded values need not form an exact accounting identity. The discrepancy is retained.

Monthly national employer record
Monthly national employer record
MonthActiveMonthly changeAnnual change (%)OpeningsClosuresOpening rate (%)Closing rate (%)Entrants
2015-01870,075Not published · No recordNot published · No record42,42236,131Not published · No recordNot published · No record17,566
2015-02872,3462,271Not published · No record42,57636,6584.894.2116,621
2015-03874,2961,950Not published · No record38,92136,0894.464.1415,985
2015-04874,990694Not published · No record40,08039,1254.584.4816,796
2015-05877,8742,884Not published · No record40,86936,5764.674.1814,793
2015-06876,485-1,389Not published · No record37,54539,0854.284.4512,831
2015-07879,0822,597Not published · No record41,33638,2424.724.3616,807
2015-08880,7571,675Not published · No record39,59437,2234.504.2314,975
2015-09878,856-1,901Not published · No record33,13838,0143.764.3212,477
2015-10880,2361,380Not published · No record41,21439,0834.694.4516,799
2015-11881,002766Not published · No record43,11538,5284.904.3817,784
2015-12878,682-2,320Not published · No record38,15439,3284.334.4617,672
2016-01890,436 · Use with caution11,754 · Use with caution2.34 · Use with caution42,67838,1884.864.3516,363
2016-02880,129-10,307 · Use with caution0.8940,02346,5314.49 · Use with caution5.23 · Use with caution15,026
2016-03879,629-5000.6140,83540,4874.644.6015,255
2016-04882,2552,6260.8341,85739,1314.764.4515,627
2016-05881,281-9740.3939,99039,7534.534.5115,655
2016-06881,4481670.5738,07638,0414.324.3212,467
2016-07881,149-2990.2444,58144,5405.065.0517,453
2016-08881,019-1300.0340,40540,8004.594.6316,079
2016-09880,469-5500.1836,65739,7774.164.5112,855
2016-10880,9244550.0841,97641,2304.774.6816,038
2016-11881,3594350.0447,36841,9585.384.7621,298
2016-12884,0152,6560.6142,16540,3774.784.5815,999
2017-01886,1442,129-0.48 · Use with caution40,15441,3824.544.6815,379
2017-02889,2133,0691.0341,28637,0514.664.1816,169
2017-03884,226-4,9870.5241,10844,9964.625.0616,355
2017-04885,7811,5550.4041,45040,2174.694.5515,354
2017-05888,9473,1660.8741,93935,9074.734.0515,363
2017-06892,6603,7131.2743,24640,6584.864.5716,541
2017-07888,703-3,9570.8637,10641,5294.164.6513,173
2017-08890,7972,0941.1142,45140,3444.784.5415,345
2017-09893,2632,4661.4542,71942,1414.804.7316,486
2017-10891,845-1,4181.2439,31741,2564.404.6215,849
2017-11892,7609151.2938,69734,0984.343.8213,182
2017-12892,488-2720.9641,03041,4844.604.6514,617
2018-01893,1977090.8040,50241,1434.544.6115,033
2018-02895,3482,1510.6941,76139,5814.684.4315,740
2018-03896,3851,0371.3843,00141,6324.804.6516,205
2018-04897,6261,2411.3440,56639,9994.534.4615,434
2018-05894,658-2,9680.6440,38642,1994.504.7015,569
2018-06900,0965,4380.8345,85241,3965.134.6315,030
2018-07900,152561.2939,93239,6594.444.4112,203
2018-08897,639-2,5130.7742,15446,1394.685.1316,671
2018-09898,6911,0520.6142,60642,7124.754.7614,901
2018-10899,5468550.8643,12942,4164.804.7215,249
2018-11899,296-2500.7359,088 · Use with caution52,5146.57 · Use with caution5.8430,484 · Use with caution
2018-12899,5642680.7941,77042,9104.644.7715,432
2019-01899,133-4310.6642,69642,6234.754.7415,179
2019-02900,5621,4290.5842,62742,2354.744.7014,911
2019-03903,3802,8180.7843,06840,4364.784.4915,090
2019-04904,6021,2220.7842,08742,0204.664.6514,480
2019-05906,0631,4611.2744,19143,1484.894.7715,683
2019-06906,9618980.7644,70543,2514.934.7716,648
2019-07908,0051,0440.8743,33141,4664.784.5715,019
2019-08909,1721,1671.2840,71740,1874.484.4314,138
2019-09907,822-1,3501.0241,08542,6154.524.6915,753
2019-10906,892-9300.8240,56641,5894.474.5814,076
2019-11905,238-1,6540.6641,76140,2074.604.4315,263
2019-12906,9321,6940.8241,79140,5114.624.4815,393
2020-01904,346 · Use with caution-2,586 · Use with caution0.58 · Use with caution41,590 · Use with caution41,542 · Use with caution4.59 · Use with caution4.58 · Use with caution15,264 · Use with caution
2020-02903,195-1,151 · Use with caution0.2936,64938,8064.05 · Use with caution4.29 · Use with caution12,326 · Use with caution
2020-03873,784-29,411-3.2834,69257,0593.846.3210,530
2020-04816,298-57,486-9.7637,275110,3044.2712.6211,709
2020-05793,165-23,133-12.4647,939 · Use with caution77,8075.87 · Use with caution9.538,223
2020-06799,906 · Use with caution6,741 · Use with caution-11.80 · Use with caution61,79556,987 · Use with caution7.797.18 · Use with caution11,061
2020-07821,26221,356 · Use with caution-9.5564,18835,8328.02 · Use with caution4.48 · Use with caution13,246
2020-08836,96715,705-7.9450,107 · Use with caution29,7446.10 · Use with caution3.6211,805
2020-09852,65415,687-6.0849,33333,2685.893.9714,562 · Use with caution
2020-10862,5019,847-4.8949,23535,5185.774.1716,692
2020-11863,9661,465-4.5647,05541,5645.464.8221,416
2020-12878,538 · Use with caution14,572 · Use with caution-3.13 · Use with caution47,32936,7585.484.2516,143
2021-01883,0104,472 · Use with caution-2.36 · Use with caution44,56339,4225.07 · Use with caution4.49 · Use with caution16,679
2021-02887,7504,740-1.7144,59240,5435.054.5916,132
2021-03893,3055,5552.2344,77839,2255.044.4216,812
2021-04892,885-4209.3841,77541,4994.684.6517,492
2021-05893,56568012.6638,64639,1064.334.3813,700
2021-06893,151-41411.66 · Use with caution43,04441,1604.824.6116,506
2021-07901,5628,4119.7846,00936,1555.154.0515,221
2021-08903,6412,0797.9741,32740,1084.584.4515,477
2021-09905,2531,6126.1741,96141,6824.644.6115,554
2021-10909,2343,9815.4243,45139,5564.804.3716,145
2021-11911,8942,6605.5544,05840,8664.854.4916,196
2021-12913,8581,9644.02 · Use with caution42,88042,7214.704.6816,117
2022-01918,5884,7304.0343,82340,5054.804.4316,372
2022-02919,9501,3623.6346,17645,1625.034.9218,115
2022-03922,5512,6013.2745,20242,7374.914.6517,689
2022-04925,5172,9663.6544,10339,0514.784.2316,254
2022-05926,2497323.6642,50343,0654.594.6515,608
2022-06926,8335843.7742,83440,2154.624.3415,784
2022-07927,7429092.9044,53743,4554.814.6917,454
2022-08928,1013592.7143,87143,7964.734.7217,057
2022-09928,8487472.6142,77842,8454.614.6215,580
2022-10928,575-2732.1343,20243,9244.654.7317,031
2022-11928,187-3881.7942,72142,9784.604.6316,441
2022-12930,3632,1761.8143,03340,7104.644.3915,845
2023-01935,1284,7651.8043,80241,0534.714.4116,670
2023-02934,869-2591.6242,59943,4034.564.6416,207
2023-03929,764-5,1050.7839,78344,0694.264.7115,694
2023-04928,406-1,3580.3144,81044,6944.824.8116,313
2023-05933,0724,6660.7447,12342,7915.084.6117,282
2023-06935,0191,9470.8845,50643,2244.884.6316,929
2023-07934,056-9630.6840,66241,8574.354.4814,011
2023-08935,2411,1850.7744,52843,1274.774.6216,445
2023-09933,914-1,3270.5544,05946,1764.714.9416,948
2023-10935,0021,0880.6944,02443,1094.714.6215,906
2023-11936,3921,3900.8842,75941,3954.574.4315,355
2023-12936,139-2530.6244,38443,3784.744.6316,846
2024-01939,0232,8840.4245,21143,3314.834.6316,385
2024-02939,4714480.4944,30643,9244.724.6816,224
2024-03939,6311601.0643,56543,2254.644.6015,580
2024-04938,640-9911.1044,53744,3864.744.7216,511
2024-05939,2696290.6645,03444,4324.804.7316,477
2024-06936,953-2,3160.2144,14246,1004.704.9115,730
2024-07937,8929390.4143,98941,8344.694.4613,211
2024-08936,971-9210.1844,81645,9434.784.9017,042
2024-09937,1691980.3546,06746,2864.924.9415,007
2024-10937,6364670.2845,53845,6134.864.8715,073
2024-11936,396-1,2400.0046,32947,3634.945.0515,768
2024-12938,2611,8650.2348,91747,4205.225.0617,404
2025-01938,258-3-0.0844,50744,9654.744.7915,089
2025-02938,32668-0.1244,02944,1634.694.7114,199
2025-03938,170-156-0.1644,41944,4814.734.7414,540
2025-04937,780-390-0.0944,57444,1554.754.7116,694
2025-05937,85070-0.1545,08745,2244.814.8214,955
2025-06938,6307800.1844,69043,8564.774.6814,879
2025-07938,561-690.0748,00946,5145.114.9616,639
2025-08938,539-220.1744,42345,0564.734.8013,169
2025-09939,7541,2150.2845,33643,9934.834.6915,811
2025-10937,976-1,7780.0442,22646,1314.494.9115,404
2025-11938,5155390.2346,40445,6614.954.8714,661
2025-12937,801-714-0.0546,20545,8074.924.8815,218
2026-01936,326-1,475-0.2146,30347,0754.945.0214,846
2026-02936,065-261-0.2446,89946,8295.015.0015,254
2026-03935,719-346-0.2647,49147,5785.075.0816,911
2026-04937,0661,347-0.0847,37145,5665.064.8715,142
2026-05936,959-107-0.1046,12246,8584.925.0014,645

Source: Statistics Canada — Experimental estimates for business openings and closures. Experimental monthly estimates, January 2015–May 2026. Business sector industries, Canada. Active means at least one employee; businesses without employees are outside this population.

Where institutions disagree

No registered institutional conflict is a direct member of this Big Question — zero is shown, not hidden.

What cannot yet be known

Evidence gap

Is Canada renewing its business base?

What is missing: The released aggregates do not connect the same firms through employer entry or exit, borrowing, credit applications and formal insolvency. Their populations, periods and seasonal treatment differ; current permanent exits are unavailable.

Consequence: Read employer activity, financial conditions and distress together while keeping their populations distinct. A useful assessment needs both the national trajectory and the geography, industry, size and reporting-lag detail behind it.

What would close it: Compatible, privacy-preserving released cohort tables with stable definitions, comparable employment and credit populations, known reporting lags and the uncertainty needed to assess relationships.

What would change the record

This Big Question organizes the evidence: the commitments, the disagreements, the projections, and the gaps — and it states plainly where the evidence cannot yet reach. When Countability has a current answer, it appears separately on this page with its date, basis, limits, Brief and Receipt. The question stays open; the evidence keeps moving.

Related on this site

This page holds the current public record for this question. For a more specific question, see Work with Countability.

Work with Countability