September 26, 2021

While the COVID-19 pandemic has created tremendous economic disruption throughout the country, a sign of confidence has emerged.

Canada is seeing an increase in new businesses as entrepreneurs look past the pandemic. 

According to Statistics Canada, nearly 17,000 new businesses opened in December. For three consecutive months, this figure has remained stronger than pre-COVID levels. Between 2015 and 2019, the monthly average was 15,725 new businesses created.

This increase can be seen in the Waterloo Region through recent business start-ups, including many companies created by young entrepreneurs.

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