Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Least Risky Industries in Canada in 2020
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View a list of the Top 25 least risky industries2020 Overall Risk Score: 2.54
The Cannabis Production industry in Canada has blossomed over the five years to 2019 as a massive market was introduced into the industry, driving up revenue late during the period. Since Health Canada opened up medicinal cannabis production to more players in 2013, the industry has grown continuously as operators invest in production capabilities to produce quality products. However, the legalization of recreational cannabis in 2018 has been the primary driver of the industry boom during the period. As consumers shifted from illegal cannabis purchases to the licensed recreational market, the industry grew significantly and is expected to grow 68.3%... Learn More
2020 Overall Risk Score: 2.68
The Electric Power Transmission industry in Canada is responsible for storing and distributing electricity from Canada's upstream generation facilities. Industry operators manage transmission and distribution networks that total more than 160,000 kilometres to serve residential, industrial and commercial customers. Industry performance is dependent on electricity prices within provinces, although the inelasticity of energy demand and the high degree of regulation insulates operators from any significant revenue declines. Industry performance is also closely tied to demand from major industrial, residential and commercial markets. While residential market demand is somewhat inelastic, industrial and commercial output and demand are much more variable, so... Learn More
2020 Overall Risk Score: 2.91
The Foreign Currency Exchange Services industry in Canada is expected to flourish over the five years to 2019, as operators expand their service offerings and favourable economic trends boost demand. Pressure from external competition by banks offering foreign exchange services has held back the industry’s expansion significantly. However, more operators are offering services to financial institutions by participating in the supply chain of foreign exchange, supplying banks with banknotes in wholesale or providing the service directly as an outsourced agent. Alongside favourable economic trends and the proliferation of online services, operators have expanded the demand pool by extending the reach... Learn More
2020 Overall Risk Score: 3.40
The Dating Services industry in Canada has exhibited strong growth over the five years to 2019 as a growing number of Canadians use the internet to seek love. The proliferation of broadband internet connections and greater cultural legitimacy surrounding online dating have helped the industry outpace the overall economy and capture a rising share of the consumer dollar. Furthermore, companies that are able to take advantage of rising smartphone adoption in Canada have been highly successful, with many operators offering services exclusively through mobile apps. Consumers are increasingly accessing mobile dating applications through their smartphones as functionality and connection speeds... Learn More
2020 Overall Risk Score: 3.50
The E-commerce and Online Auctions industry in Canada composes of retailers that primarily sell their products online. Accelerated by the rising number of internet connections, industry revenue is expected to post strong gains, increasing at an annualized rate of 12.8% to $10.2 billion over the five years to 2019. Revenue is forecast to rise 5.0% in 2019 alone as more Canadians, persuaded by increasingly easy-to-use and secure websites, shift their shopping online. The exceptional rate of growth in this industry is aided in part by the increasing internet traffic volume (e.g. number of fixed broadband and mobile connections), disposable income... Learn More
2020 Overall Risk Score: 3.57
Over the five years to 2019, the role of physical therapy in promoting health and wellness has increased, benefiting the Physical Therapists industry in Canada. The industry exhibited strong growth during the period due to an aging population and rising per capita disposable income. According to Statistics Canada, the population of people aged 65 and older represents the fastest-growing age group in the country. As the population ages, the number of seniors with conditions requiring physiotherapy, such as hip and knee replacements and arthritis, will likely increase. Accordingly, the Conference Board of Canada anticipates the number of seniors that will... Learn More
2020 Overall Risk Score: 3.60
The Pet Stores industry in Canada has performed strongly over the five years to 2019 as cats, dogs, fish and birds remained popular home companions. High pet ownership rates and an increasing number of pet parents, those that treat their pets as family members, has supported demand for industry products. Additionally, higher household income levels and rising consumer confidence has encouraged consumers to indulge their pets with price-premium pet products, such as organic, grain-free and gluten-free pet food, boosting industry demand and profit margins. IBISWorld estimates that industry revenue will grow at an annualized rate of 2.2% to $2.1 billion... Learn More
2020 Overall Risk Score: 3.65
Over the five years to 2019, the Renewable Power industry in Canada has grown slowly, with fairly weak demand counteracted by steady increases in electricity rate prices. While the industry has benefited from an improving economy industrial output has only risen weakly. This has been in response to declining commodity prices between 2014 and 2016 that prompted a decrease in activity across a wide range of industries. Falling prices of crude oil and natural gas also have increased competition from thermal generators using those sources during the five-year period. Overall, industry revenue is anticipated to increase an annualized 1.4% to... Learn More
2020 Overall Risk Score: 3.66
The Employment and Recruiting Agencies industry in Canada is expected to thrive over the five years to 2019. Operators provide individual and corporate clients with a variety of services, which include permanent placement in addition to other staffing and human resources functions. The financial success of the industry is closely connected to the broader economy and the unemployment rate in Canada. Favourable economic conditions have improved demand for the industry's services. Declines in unemployment have increased demand for experienced recruiters that can secure talent to join workforces. Additionally, operators have leveraged technology to become increasingly valuable to clients, which has... Learn More
2020 Overall Risk Score: 3.68
The Wireless Telecommunications Carriers industry in Canada has performed well over the five years to 2019 as wireless coverage expanded and a greater number of Canadians adopted smartphones and tablets, thus boosting demand for high-margin mobile broadband services. The number of mobile telephone subscriptions are expected to rise at an annualized rate of 3.8% over the five years to 2019, and the number of broadband connections are expected to rise at an annualized rate of 3.5% over the five years to 2019. Consequently, revenue is expected to increase at an annualized rate of 4.2% to $29.5 billion over the five... Learn More
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