Canada Business Closures Rate (Monthly)

## What this measures

Business closures each month as a percentage of the month's active businesses with employees (canada.business.closings ÷ canada.business.active × 100), seasonally adjusted, since January 2015.

## Why it matters

A rate removes the growth in the number of businesses, so months years apart compare directly.

## How to read it

It is a monthly rate: twelve months of it are roughly the annual rate, but businesses that open and close more than once in a year count each time.

## What it does not say

These are experimental estimates: they are revised, and a closing can be temporary. Businesses with no employees (the self-employed) are not counted. The counts are not comparable with U.S. establishment births and deaths (annual, per location, permanent only). U.S. establishment birth and death rates (business.us.bds.*) are annual and per location, so they are not on the same footing.

## Source

Palanor calculation from Statistics Canada table 33-10-0270-01 (vectors v1203704156, v1203704157, v1203704159). Source: Statistics Canada. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. Statistics Canada Open Licence.