Source: Statistics Canada, Canadian Survey of Business Conditions, first quarter 2021. Adapted by Institut de la statistique du Québec.
Some companies have prepared plans to relaunch, transfer or sell in the coming year.
At the start of the first quarter of 2021, almost one in five businesses (18.4%) were planning to expand their operations (by extending current locations or adding new ones), restructure, invest in or acquire other businesses in the coming year(Figure 10). Companies in the accommodation and food services (8.9%) and arts, entertainment and recreation (11.4%) sectors were the least likely to have such plans.
At the same time, as in the previous edition, 4.4% of companies had plans to transfer or sell in the coming year, and 2.1% had plans to close(Figure 11). Accommodation and food services companies were the most likely to be planning a sale (11.2%), while arts, entertainment and recreation companies (9.3%) were the most likely to be planning a closure (6.4% for accommodation and food services).
Figure 10 – Proportion of businesses planning to expand operations, restructure, acquire or invest in other businesses in the next year, by sector of activity, Quebec,1st quarter 2021
Source: Statistics Canada, Canadian Survey of Business Conditions, first quarter 2021. Adapted by Institut de la statistique du Québec.
Figure 11 – Proportion of businesses planning to transfer, sell or close in the coming year, by sector of activity and size, Quebec,1st quarter 2021
