Our Business Data Lab (BDL) will provide future-focused, real-time data and insights for companies of all sizes, sectors and regions of the country.
The BDL will bring together data from a variety of sources to track evolving market conditions, providing Canadian businesses with critical information to help them make better decisions and improve their performance.
The BDL was launched in February 2022. As its operations ramp up, it will provide:
- Dashboards: High-quality, high-frequency indicators most relevant to businesses on the state of Canada’s economy.
- Reports and policy briefs: Insights to identify future growth opportunities for Canadian businesses, key obstacles and policies to realize Canada’s full economic potential.
- Canadian Survey on Business Conditions analysis: Value-added analysis on topical business issues based on Statistics Canada’s survey of over 15,000 employers.
How the BDL Can Help
Working in collaboration with Statistics Canada and with financial support from the Government of Canada, the BDL can help advance Canadian business success in a number of different ways:
- Small businesses across Canada will be better able to monitor market conditions in their region.
- Quarterly business surveys will provide detailed insights that drill down by ownership characteristics and give an advanced sense of future trends.
- Businesses owned by diverse segments of the population can benefit from focused research into their specific needs and opportunities.
Consultations and Stakeholder Engagement
The BDL will convene, consult and engage inclusive stakeholder communities and other traditionally-under-represented groups to help inform its activities. The BDL will develop a new Federal Government Advisory Council, comprised of stakeholders with unique perspectives on Canadian business, business surveys and government programs for business. More details will be announced in the first quarter of 2022.
Canadian Survey on Business Conditions
Early in the pandemic, Statistics Canada and the Canadian Chamber partnered to quickly develop an innovative Canadian Survey on Business Conditions (CSBC). This successful collaboration will continue as Statistics Canada houses the BDL’s new Business Data Trust with the highest standards in place to ensure data security and privacy
JUST RELEASED! The first Canadian Survey on Business Conditions of 2022.
From January – February 2022, over 17,000 Canadian businesses were surveyed for the Q1 CSBC.
Read our full analysis and download the PDF here.
Prefer a quick overview? Check out our blog.
June 3 – 4, 2022 | OTTAWA/VIRTUAL
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May 03, 2022 – BDL Discovery Consultations Summary Report
Want to Learn More?
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What People are Saying About the BDL
“As the pace of change accelerates and competition grows, Canada’s businesses need solid, timely data to help them adapt quickly to marketplace changes. The Canadian Chamber’s Business Data Lab will provide data tools to help Canadian businesses successfully emerge from the pandemic and create sustainable, inclusive economic growth. As part of our Chamber 2025 Strategic Plan, we are launching a number of exciting initiatives, like the Business Data Lab, to give businesses more of what they need to succeed: insight into markets, competitors and trends and the ability to shape the decisions and policies that drive business success.”
– Honourable Perrin Beatty, PC, OC, President and Chief Executive Officer, Canadian Chamber of Commerce
“Businesses and policy-makers have never needed more high-quality and timely data than they do now, given today’s rapidly evolving economic context. Statistics Canada is proud to further strengthen its partnership with the Canadian Chamber of Commerce in developing the Business Data Lab, designed to provide future-focused business indicator data to help governments, business associations and entrepreneurs from all regions of Canada capitalize on business growth opportunities.”
– Anil Arora, Chief Statistician of Canada
“As we move into a post-pandemic economy, our government understands just how important it is for Canadian small businesses to have reliable and timely business data. The Business Data Lab will do just that as it will provide a wealth of information on how Canada’s businesses are doing and how we can better help them. Having access to this type of data will not only strengthen the business environment but also help lead Canada to a stronger economic recovery.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry
“Small businesses are the heart of our communities and the engine of our economy. Their success will be critical to Canada’s economic recovery. The Business Data Lab is an important investment that will provide a new level of detail and future-focused information. This will help our government continue providing small businesses across the country the support they need to get through the pandemic and come out the other side even stronger.”
– The Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development
Sponsors and Partnerships
The BDL is made possible through our collaboration with Statistics Canada and with financial support from Innovation, Science, and Economic Development Canada.
Meet Our Team
Chief Economist, Canadian Chamber of Commerce
Stephen Tapp is the Chief Economist at the Canadian Chamber of Commerce. In this role, he is a key member of the Chamber’s executive leadership team, responsible for the operations of the new Business Data Lab as well as all economic analysis and research. His current focus is on developing the Chamber’s data and analytics capabilities to provide real-time, forward-looking insights for Canadian businesses of all sizes, in all sectors and regions of the country.
Stephen brings 20 years of diverse experiences at many of Canada’s top economic organizations including at: Export Development Canada as the Deputy Chief Economist, the Bank of Canada, Parliamentary Budget Office, Finance Canada, two think tanks as well as academia.
He is a recognized thought leader, frequent commentator, and sought-out spokesperson on economic issues in Canada. Stephen’s research was awarded the Purvis prize for Canadian economic policy and has been published in academic journals, such as the Canadian Journal of Economics and Canadian Public Policy. He has a Ph.D. and M.A. in Economics from Queen’s University and an Honors B.A from Western. During his undergrad, he studied in the Netherlands and was the owner-operator of a student painting company.
Senior Research Director – Apply by Monday May 27, 2022
Research Associate, Data Scientist – Apply by Monday May 20, 2022