Ninety-eight per cent of Canadian businesses have fewer than 500 employees. These small- and medium-sized enterprises (SMEs) are critical to our economy. Furthermore, Canada has some of the highest rates of early-stage entrepreneurship in the OECD. With approximately 15 per cent of the Canadian working-age population having undertaken a business startup in the last three years or running a business that is less than three-and-a-half years old, this vital sector of our population deserves crucial energy and financial support to flourish.
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