Canada’s entrepreneurial backbone is facing unprecedented strain, with small and medium-sized enterprises shutting their doors at an alarming rate. As these businesses are the primary drivers of private sector job creation, it’s little wonder that available positions (indicated by the blue line in the lower right graph) are dwindling in tandem. This trend has significant implications for the nation’s economic vitality, as the demise of these companies can have a ripple effect throughout entire industries.
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