Business Dynamics & Ownership

Business dynamics shows the current and future health of the business sector. Statistics Canada releases monthly data on business openings and closures, as well as business conditions data four times a year. Business characteristics such ownership and size are also available from Statistics Canada.

Number of Active Business
Northwest Territories

		2022 Jan	2021 Dec	Nov	Oct	Sep	Aug
Active Businesses	V1203707728	937	941	944	951	940	952
Opening Businesses	V1203707729	36	36	31	38	29	29
Continuing Businesses	V1203707730	908	908	911	909	909	916
Closing Businesses	V1203707731	37	38	39	30	38	45

During January and February 2022, Statistics Canada conducted the Canadian Survey on Business Conditions. This survey asked businesses across Canada about their current business expectations on a variety of topics.

The following Excel tables show selected results for the Northwest Territories. Additional information can be found on Statistics Canada website.

• All tables
• Table 1 - Business or organization expectations over the next three months
• Table 2 - Business or organization obstacles over the next three months
• Table 3 - Business or organization expectations of how long various obstacles will last
• Table 4 - Change in supply chain challenges over the last three months, first quarter of 2022
• Table 5 - Business or organization expectations of supply chain challenges over the next three months
• Table 6 - Strategies business or organization uses to address supply chain challenges
• Table 7 - Business or organization plans to adjust supply chain over the next 12 months
• Table 8 - Likelihood of business or organization to pass on any increases in its costs to customers over the next 12 months
• Table 9 - Change in average wages expected over the next 12 months
• Table 10 - Average change in average wages expected over the next 12 months
• Table 11 - Plans regarding recruitment, retention and training over the next 12 months
• Table 12 - Liquidity and access to liquidity over the next three months
• Table 13 - Ability for the business or organization to take on more debt
• Table 14 - Percentage of workforce anticipated to work on-site or remotely over the next three months
• Table 15 - Average percentage of workforce anticipated to work on-site or remotely over the next three months
• Table 16 - Technology as a limiting factor in having more employees work remotely over the next three months
• Table 17 - Plans to adopt new or additional digital technologies over the next 12 months
• Table 18 - Future outlook for the business or organization over the next 12 months
• Table 19 - Revenues from 2021 compared with 2019
• Table 20 - Percentage of women and men in management positions
• Table 21 - Average percentage of women and men in management positions

During October and November 2021, Statistics Canada conducted the Canadian Survey on Business Conditions. This survey asked businesses across Canada about their current business expectations on a variety of topics.

The following Excel tables show selected results for the Northwest Territories. Additional information can be found on Statistics Canada website.

• All tables
• Table 1 - Business or organization expectations over the next 3 months
• Table 2 - Business or organization obstacles over the next 3 months
• Table 3 - Business or organization expectations of how long various obstacles will last
• Table 4 - Percentage of import purchases digitally ordered in the last 12 months
• Table 5 - Business or organization plans regarding recruitment, retention and training
• Table 6 - Expected impact of the absence of government support programs on the survival of business or organization
• Table 7 - Expected level of challenge business or organization has in repaying funding received from repayable government support programs put in place because of the COVID-19 pandemic
• Table 8 - Liquidity and access to liquidity over the next three months
• Table 9 - Ability for the business or organization to take on more debt
• Table 10 - Percentage of workforce anticipated to work on-site or telework over the next three months
• Table 11 - Business or organization status on reviewing cybersecurity policies in response to employees working remotely
• Table 12 - Average percentage of workforce anticipated to work on-site or telework over the next three months
• Table 13 - Future outlook over the next 12 months
• Table 14 - Sales expectations from October to December 2021 compared with October to December 2019