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Data Insights

New Business Activity Rebounds in September as Reported Closures Fall
Canada’s new business activity bounced back sharply in September after August’s slowdown.But the more interesting development may be what happened to business closures — the two measures moved dramatically in opposite directions.
September Brings a Surge in Canadian Mover Activity
Canadian mover activity jumped sharply in September, with 64,569 households identified nationwide. The increase was widespread — but two provinces stood out, while another major market extended a notable growth streak.
A Steady September for Canada’s Pre-Mover Market
At the national level, Canada’s pre-mover market barely moved in September. But that headline hides some surprisingly large regional swings, with double-digit gains in some markets offsetting declines elsewhere.
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August Business Formation Moderates as Reported Closures Increase
Canada recorded 7,328 new businesses in August 2026, down 29.4% from July following the previous month’s strong rebound. Reported business closures increased 12.8% to 41,326, highlighting continued business turnover and the importance of keeping Canadian business data current.
August Mover Activity Holds Steady Through Late Summer
Canada recorded 54,194 mover households in August 2026, up 0.6% from July as completed move activity remained steady through the late-summer moving season. Ontario continued to lead national activity and posted another month of growth, while several smaller provinces also recorded notable month-over-month increases.
August Pre-Mover Activity Moderates as Moving Season Progresses
Canada recorded 57,244 pre-mover households in August 2026, down 10.0% from July as pre-mover activity continued to normalize following the spring and early-summer moving season. Despite the national decline, activity varied considerably across provinces, with Quebec and Manitoba both recording month-over-month increases.
July Business Formation Rebounds While Closures Remain Elevated
Canada recorded 10,382 new businesses in July 2026, up 60% from June, marking the strongest month for new business formation since March (excluding April’s one-time reporting spike). Reported business closures remained elevated but were virtually unchanged month over month.
July Pre-Mover Activity Remains Strong Despite Seasonal Moderation
Canada recorded 63,614 pre-mover households in July 2026, down 3.4% from June as pre-mover activity continued to normalize following the spring peak. Despite the modest decline, volumes remained significantly higher than those recorded at the beginning of the year.
July Mover Activity Remains Strong Following June Peak
Canada recorded 53,862 mover households in July 2026, down 3.1% from June as mover activity stabilized following the seasonal surge seen at the start of the summer. While overall activity eased slightly, Ontario and Alberta continued to post month-over-month growth.
June Business Formation Shows Modest Recovery
Canada recorded 6,490 new businesses in June 2026, up from 5,753 in May, representing a modest rebound in business formation following May’s return to more typical activity levels.
June Mover Activity Increases Across Canada
Canada recorded 55,579 mover households in June 2026, up 45% from May as completed relocations increased during the summer moving season. Every province recorded month-over-month growth.