Entrepreneurial ambition surges in Canada

Latest RBC Small Business Poll shows 59% of Canadians aspire to own a business, the highest figure since 2017. In the meantime, 81% see entrepreneurship as a viable way to earn a living

Franchising in Canada is bridging the gap by offering entrepreneurs a proven model and pathway to success. As the 12th largest industry it offers Canadians a pathway to business ownership with lower risks, stronger support, and higher survival rates than independent startups.

The upcoming Franchise Canada Show, running from October 25-26 at Toronto Congress Centre – and presented by the Canadian Franchise Association – is more than just a tradeshow. It’s a reflection of how Canadians are actively reshaping their careers in the face of economic uncertainty, job restructuring, and the rising cost of living.

If you’d like to connect with a CFA spokesperson they can provide further insight on:

Entrepreneurship rising: Nearly 6 in 10 Canadians dream of owning a business
Young Canadians leading the shift: 33% of prospective franchisees at the show are aged 31–40
Level of franchise investment: 67% of attendees are ready to invest within 6–12 months, and 5% have $1M+ to invest
CFA credibility: Every exhibitor is a CFA member, committed to ethics, education, and excellence

For more information: https://cfa.ca/

Martin Morris

Martin Morris has more than 30 years of experience writing about topics for national and trade papers, ranging from banking and investment through to franchising, renewable energy and computer security. Technology is transforming the financial landscape and it is my job, I believe, to both engage with and inform readers about the rapid changes that are underway there and elsewhere.