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Black business owners on the rise in Canada, but barriers still exist: StatCan report

Alexandra Mae Jones

Feb 23, 2023

The number of Black business owners in Canada has increased since 2005 but income inequalities are still persisting, according to new data from Statistics Canada.

The StatCan report found that among male business owners, Black men had the lowest earnings of all racial groups in 2018. Black men who were business owners earned $9,500 less than their counterparts from other racialized groups on average and $43,300 less than white men, the data found. The income of Black women who were business owners was similar to that of other racialized groups, but they also earned more than $16,000 less, on average, than white women who owned businesses.

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