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Dashboard of Economic Indicators

Business Establishments

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Data source – STATSCAN

  • In December 2016, there was another change in the methodology used to capture business counts (business establishments) in Canada. This means that although the figure presents annually, annual business counts should not be compared due to differences resulting from methodological changes. This remains true for the analysis of data for June 2017.
  • In June 2017, there were 162,900 business establishments in Peel Region, comprising of 141,313 classified businesses and 21,587 unclassified1 businesses.
  • Of the 141,313 classified businesses, 49,900 (35.3 per cent) were classified as businesses with employees, while 91,413 businesses (64.7 per cent) were classified as “without employees”.
  • When disaggregated by the two major sectors, there were 19,079 businesses in the goods producing sector in June 2017, representing approximately 13.5 per cent of total business establishments in Peel.
  • The remaining 122,234 business establishments were in the service sector, accounting for 86.5 per cent of total business establishments in Peel Region.
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Data source – STATSCAN
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Data source – STATSCAN
  • At 86.5 per cent, the proportion of Peel’s total business establishments in services, it was the highest ever recorded in Peel and suggests that the long term shifting of Peel’s business sector towards services has continued.
  • Over the past five years the number of business establishments in the service sector has grown by 37,062 businesses or by 43.5 per cent, almost twice the 24.0 per cent (3,694 businesses) growth registered in the goods producing sector resulting in the continuation of the shift towards the service sector.
  • A key contributor to the shift away from the goods producing sector was the continued down trend in Peel’s manufacturing sector.
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Data source – STATSCAN

1 Unclassified business establishments are those which did fit into any of the North American Industry Classification System (NAICS) and are therefore not yet assigned NAICS code.