SELF-EMPLOYMENT APPEALS TO CANADIANS

Sep 25, 2012

By Jane Brown

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It seems many zoomers are reinventing themselves as entrepreneurs.  A new CIBC report finds more than half a million Canadians have started their own business over the past two years, which is a record number.   And not because they couldn’t find a job.  Eight in ten new owners say they made the decision to strike out on their own voluntarily.  That’s a welcome shift from the early 1990s and late 2008, when the recession and layoffs drove more and more Canadians into involuntary self-employment.  Currently, about 15 per cent of Canada’s labour force is self-employed.  But the new study suggests the proportion will rise in the future.

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