Canada’s Industry and Business
Canada's Industry and Business

Canada's Industry and Business | Statistics

Canada’s industry and business sectors are crucial to the country’s economy. The fabric of Canada’s industry and business encompasses a wide range of industries, including manufacturing, services, natural resources, and technology. Understanding these industries’ current trends and monetarist information is essential for all enterprises, including small and medium-sized enterprises (SMEs).

Canada's Business and Industry Sectors Statistics

The statistics mentioned in the contents are based on the latest available data and may be subject to change as new information becomes available.


Businesses utilize market research and statistics to make informed decisions and develop effective strategies. Market research involves gathering and analyzing data about customers, competitors, and market trends. This information helps businesses understand their target market, identify customer needs and preferences, and assess the competitive landscape.

By conducting market research, companies can gain insights into consumer behaviour, market demand, and industry trends, which can guide their product development, marketing campaigns, and overall business strategy.


Statistics play a crucial role in market research as they provide a way to quantify and analyze data. Statistical analysis allows businesses to make sense of large amounts of data and draw meaningful conclusions. Companies can use statistical techniques to identify patterns, trends, and correlations in the data, which can help them make predictions and informed decisions.

Statistics also enable businesses to measure the effectiveness of their marketing efforts, evaluate customer satisfaction, and assess the impact of various factors on business performance. Market research and statistics provide businesses with valuable insights and data-driven strategies to succeed in today’s competitive marketplace.

» Research Tools and Guides

About statistical and data analysis

Statistical analysis is an essential research tool that scientists, businesses, governments, and organizations use to explore trends, patterns, and relationships by examining quantitative data.

Planning: Specify your hypotheses and research design to collect valid statistical analytic data. See below.

Planning Research Design (PRD)

Your research design encompasses the overall strategy for collecting and analyzing data. The PRD determines the statistical tests that can be employed to evaluate your hypothesis.

In simple terms, research design steps consist of the following:

  • Experimental design
  • Correlational design
  • Descriptive design
  • Between-subjects design
  • Within-subjects design
  • Mixed (factorial) design
To learn more, see Statistical Data Analysis or visit StatsCan.
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