Analysis on Majority Women-Owned Businesses (Q1 2024)

Flashcards covering the statistical analysis of majority women-owned businesses in Canada for the first quarter of 2024, focusing on labour, management proportions, and financial expectations.

Majority women-owned businesses

Private sector businesses where ownership is self-reported as $51\%$ or more.

Canadian Survey on Business Conditions (CSBC)

A Statistics Canada survey conducted from beginning of January to early February $2024$ to collect data on business environments and future expectations.

Core-aged women

A demographic category referring to women aged $25$ to $54$ years old.

Labour-related obstacles

A category of business challenges that includes shortage of labour force, difficulty recruiting skilled employees, or difficulty retaining skilled employees.

Senior management positions

Roles that may include owners and operators (especially in smaller businesses); in majority women-owned businesses, women held $73.5\%$ of these positions in Q1 $2024$.

Optimistic future outlook

The expectation for the next $12$ months, reported by $71.6\%$ of majority women-owned businesses compared with $66.7\%$ of all private sector businesses in Q1 $2024$.

Debt financing plans

In Q1 $2024$, $78.2\%$ of majority women-owned businesses reported having no plans to apply for this over the next three months.

Cash or liquid assets

Resources required to operate, which $77.1\%$ of majority women-owned businesses reported having in the first quarter of $2024$.

Labour Force Survey (January 2024)

The survey that recorded an employment rate of $81.1\%$ for core-aged women in Canada, a decrease from a record high of $82.0\%$ in January $2023$.

Middle management (average proportion)

The percentage of women in these roles, which was $68.2\%$ in majority women-owned businesses versus $42.6\%$ in all private sector businesses.

Recruiting skilled employees (Q1 2024 expectation)

An obstacle expected by $22.3\%$ of majority women-owned businesses, a decline from $33.0\%$ in the first quarter of $2023$.

Stratified random sample

The methodology used by the CSBC to select business establishments classified by geography, industry sector, and size.