We call it the entrepreneurial drought. We are losing entrepreneurs in the vast majority of sectors. It is not what we saw in the past. If we look back to the eighties, Canada, generally speaking, always created more businesses than there were business closures. This was the natural general trend. Canada is a land of entrepreneurship, but unfortunately, in the last few years, we have not seen that in many sectors.
I have brought with me a list of all sectors that have been touched by the entrepreneurial drought. Agriculture is one of the hardest-hit sectors. Retail, wholesale, construction, transportation—there are many sectors in Canada where we are seeing more business closures than openings. It's not just the last quarter. It goes back many quarters. This is not CFIB data. This is StatsCan data. We hope to see public policy implemented to reverse that trend.
