Business openings and closures in July 2025
Nov. 07, 2025
Global Korean Post
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In July, the business closure rate rose 0.3 percentage points to 5.0%, following a 0.2 percentage point decline in June. The business opening rate also settled at 5.0% in July, after being at 4.8% over the previous four months. Increased business reopenings (+0.1 percentage points) and entries (+0.1 percentage points) contributed to the rise in business openings in July.
The number of active businesses remained relatively unchanged in July, as the number of business closures was close to that of business openings. In the same month, payroll employment increased by 0.1%, real gross domestic product grew 0.2% and business insolvency filings dropped by 10.4%, decreasing from 414 in June to 371 in July.
In July, the number of active businesses changed little in most sectors. Health care and social assistance posted the largest increase in active businesses, rising by 463 businesses (0.4% growth rate). It was followed by construction (+271 businesses; 0.2% growth rate), accommodation and food services (+268; 0.4%) and professional, scientific and technical services (+254; 0.2%).
(Source: Statistics Canada)
