Great insights and nice to see that Alberta is leading in productivity in Canada. One thing that stood out to me is the fact that "Canada has 100,000 fewer entrepreneurs than it did 20 years ago." This figure is staggering given how much more acceptable it is to be an entrepreneur now than 20 years ago. The number of startups has also grown significantly over the past 20 years. Were there any insights on why the decline is happening and seemingly counter to what we're seeing in Calgary and Alberta as a whole?
Hey Margaret, thanks for your question. Many point to less competition in large industries (ie the growth of the oligopolies in Canada) as a main indicator but many reasons would lead to less people becoming entrepreneurs. Maybe we can bring this topic back.
Thanks for the recap, Philippe.
Great insights and nice to see that Alberta is leading in productivity in Canada. One thing that stood out to me is the fact that "Canada has 100,000 fewer entrepreneurs than it did 20 years ago." This figure is staggering given how much more acceptable it is to be an entrepreneur now than 20 years ago. The number of startups has also grown significantly over the past 20 years. Were there any insights on why the decline is happening and seemingly counter to what we're seeing in Calgary and Alberta as a whole?
Hey Margaret, thanks for your question. Many point to less competition in large industries (ie the growth of the oligopolies in Canada) as a main indicator but many reasons would lead to less people becoming entrepreneurs. Maybe we can bring this topic back.