Download The economy of Canada is the 10th largest in the world, measured

CANADA
The economy of Canada is the 10th largest in the world,
measured by nominal GDP and 16th largest by purchasing
power parity (PPP). The country is classified as the 2nd most
impactful business environment for women owned businesses,
one of the G-20 major economies, and 17% of Canadian
businesses are Women owned businesses (WOB)
(approximately 1.1MM).
The minimum wage
ranges from $7.50 within
the Federal Jurisdiction to
$13.00 in Nunavut.
Canada is home to 39
billionaires as of 2015,
making the country
the 10th largest pool of
billionaires.
GDP by sector:
Agriculture: 1.6%
Industry: 28.9%
Services: 70.5%
Labor Force: 19.3 million people
Services: 76%
Manufacturing: 13%
Agriculture: 2%
Construction: 6%
Other: 3%
• Ranked 2nd most favorable business environment for
WOBs
• Growth of funding organizations (not WOB specific)
• Growth of women business connection organizations
• Mentorship for WOBs by business professionals has
increased over past decade
• Sponsorship support - financially, educationally,
development and growth
• Connections between women B2B, sharing of best
practices, and networking
• Support of social work / professional service fields by
partner corporations
Canada’s major stock exchange,
the Toronto Stock Exchange,
had a market capitalization of
US$2.681 trillion as of May 2016,
the 9th largest in the world.
Canada’s Top Exports
Oil
Aircraft,
Spacecraft
Wood
Aluminum
Paper
Vehicles
Machines
Gems, Precious
Metals
Electronics
Plastics
ProfessionalServicesandManufacturingaccountforjustoverhalfof
theWOBsinCanada.Therehasbeengrowthinthemanufacturing
industrywhichhashelpedclosedthegapbetweenProfessional
Servicesbeingthedominantfield.
Canada’s Top Industries
Professional Services
Retail Trade
Manufacturing
Technology
Human Resources
Food and Beverage
Wholesale Trade
Business Support
Other
Factor
Political
Economic
Analysis
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Societal
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There is a lack of female representation in political positions.
There is a lack of supplier diversity initiatives by government.
Canadian Federation of Independent Business thinks requiring supplier diversity
is “unfair and “opaque”.
17% of businesses (about 1.1MM) are women-owned businesses.
There is a lack of national economic development strategy for women.
There is a lack of a supplier diversity agenda.
Greater Toronto Area has no women-specific funding programs (excluding
Government of Canada sponsored Women’s Enterprise Initiative Program).
Small Business Association sets aside funding contracts under $5MM in
manufacturing and $3MM in all other fields.
Canada is ranked 2nd in countries supporting women’s entrepreneurship, just
after the United States.
There is a lack of women CEO role models.
Support and networking exists including WEConnect International in Canada,
the Toronto Business and Professional Women’s Club, Women Entrepreneurs
Meetup.com Group of Toronto, and the Hamilton Immigrant Women’s Centre.
Mentorship is available.
Women business owners have a difference competitive edge than men with
different goals and ambitions.
Factor
Analysis
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Technology
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Legal
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The majority of women-owned businesses are in social work and professional
services fields.
Women-owned businesses do not incorporate technology into their businesses
early on (partially due to lack of venture capital.)
There is a lack of involvement, education and technological resources available
to women-owned businesses.
There are no legal restrictions on the basis of gender.
Canada’s Business Landscape by Industry
Barriers for WOBs can include: denied access to funding
and capital, denied access to business training and market,
corporations feel WOBs should not receive special
treatments, and lack of business education and training of
how to start up, sustain, and grow a business.
WEConnect International Activity in Canada
Top Industries Represented
Professional Services
Manufacturing
Technology
Human Resources
Food and Beverage
Wholesale Trade
Business Support
Transportation
Retail Trade
Telecommunications
Architecture
Education
Healthcare, Medicine