Role of Small and Medium Enterprises in the Canadian Economy
The Small and Medium Enterprises (SMEs) are acknowledged as the engines of the Canadian economy. The success of these businesses leads to prosperity in the Canadian market. In Canada, 98.1% of the entire business activity lie in the category of small businesses and by the addition of the medium-sized businesses, it amounts to 99.8% of all the businesses. SMEs that belong to the Information Technology (It) industry are the major contributor to job creation and economic growth in Canada. SMEs contribute to more than 45% of the total Canadian export value that is more than $130 billion. It is ...
