Immigrants – and especially newly-arrived ones – are more likely than other Canadians to buy businesses or set up their own, reveals a Statistics Canada report.
"Recent immigrants were more likely to enter business ownership than Canadian-born individuals," wrote Statistics Canada chief Douwere Grekou and analyst Bassirou Gueye in their report, Who Were the Men and Women Entering Business Ownership in Canada in 2016?
"This is in line with the literature, which shows that immigrants in Canada are keen on becoming business owners," they wrote.
The report, which was published on Monday and funded by Ottawa's Women and Gender Equality Canada department, looked at 24 million people in Canada to determine what type of person became a business owner in 2016 and why they decided to either buy a business or start one themselves.
The report prepared by Canada's statistical services agency reveals not only that immigrants are more likely to become business owners than those born in Canada but also that men are more likely to start businesses than women.
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