Bank of Canada conducts large-scale survey of indigenous-owned firms

Indigenous firms have higher inflation expectations and use alternative funding sources

Bank of Canada headquarters’ atrium
Bank of Canada headquarters’ atrium
Bank of Canada

The Bank of Canada has conducted the first study of indigenous-owned firms in the country, releasing its findings on May 24.

The survey was undertaken in partnership with the Canadian Council for Aboriginal Business and Global Affairs Canada. The bank also partnered with Big River Analytics, an indigenous-owned consulting firm. Researchers gathered information from over 2,000 indigenous-owned businesses between May and September 2021.

Authors Calista Cheung, James Fudurich, Janki Shah and Farrukh

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