2018-05-09 12:00:15Business InsightsEnglishPerform industry research so you can make informed business decisions in the future. Discover how to use the handy Statistics Canada web...https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2018/04/Man-Consulting-Statistics-Canada-Research.jpghttps://quickbooks.intuit.com/ca/resources/business-insights/statistics-canada-industry-research/Use Statistics Canada to Help Conduct Industry Research

Use Statistics Canada to Help Conduct Industry Research

1 min read

Are you looking for new ways to improve your business? Statistics Canada is a useful online tool that makes it possible for business owners to gain valuable insight into virtually any field. After all, information is power.

In Canada, the federal government is required to provide statistics to businesses and individuals. On average, there are around 350 active surveys that cover an incredibly broad range of topics encompassing all aspects of the Canadian experience. Statistics Canada is Canada’s central statistical office, and the Surveys and Statistical Programs section on its website is a tool that enables you find and analyze data that can help you to better run your business.

To use the Surveys and Statistical Programs tool, select the subject closest to your company’s field. If you run a potato farm, for example, check out the Agriculture section. From there, you can select a more specific subsection, such as Crops and Horticulture. Next, browse specific surveys and statistics, such as the Potato Area and Yield Survey.

Once you have a relevant survey, it’s time to analyze the data. Maybe you want to find out the quantity and price of potatoes sold last year so you can figure out how much land you need to grow a similar amount next season.

Surveys, statistics, and case studies help you make business decisions based on concrete facts, rather than relying just on your personal experiences and intuition. Spend some time browsing the Statistics Canada website — you might just learn something new.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Use Census Data to Inform Business Decisions

Data is king in the marketplace right now, with businesses of all…

Read more

Conduct a Market Evaluation Before Starting a Small Business

A market evaluation is arguably the most important part of any startup…

Read more

Can You Use the "Made in Canada" Claim on Your Label?

"Made in Canada" — three little words that can make a big…

Read more