Industries with Least Riskiest Business Environments in Canada in 2025

• 1. Auto Parts Wholesaling in Canada

  Business Environment Risk for 2025: 3.7

  Auto parts wholesalers lately have been dealing with a volatile marketplace and this is causing a bunch of swings in their revenue performance. Inflation has become a major part of the economy lately. Factors like inflation have fueled the need for price boosts to cover these costs in this industry. Yet such decisions remain volatile depending on the state of prices, with this leading to price drops happening recently, as such factors depress revenue gains. The shortage of truck drivers is po...

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• 2. Auto Parts Stores in Canada

  Business Environment Risk for 2025: 3.8

  Canadian auto parts stores sell a wide range of critical and nonessential vehicle parts and accessories. Retailers face regular competition from wholesale clubs, mass merchandisers and online retailers like eBay and Amazon. The industry prevailed through the pandemic, largely due to the essential nature of most automobile parts. Similarly, pent-up demand for travel and driving following lockdown orders contributed to greater vehicle wear and tear, leading to more demand for parts. Overall, re...

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• 3. Automobile Electronics Manufacturing in Canada

  Business Environment Risk for 2025: 3.9

  Canadian automobile electronics manufacturers commonly produce lighting systems, electrical wiring, electrical control units, sensors, electronic ignition systems and driver displays. Auto electronics manufacturers have faltered through the current period, especially as the pandemic and high interest rates inject uncertainty into consumer markets. While manufacturers have benefited from demand for increasingly complex vehicles, supporting demand for advanced connectivity and safety systems, t...

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• 4. Dairy Wholesaling in Canada

  Business Environment Risk for 2025: 4.0

  Companies in the Dairy Wholesaling industry in Canada wholesale various dairy products, including raw milk, processed milk, butter, cheese, cream, ice cream and yogurt, to downstream customers, such as grocery stores and food service establishments. Over the past five years, the industry has experienced solid growth as consumers have increased consumption of various dairy products, resulting in increased demand from downstream customers and rising production of many industry goods. While the ...

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• 5. Oil Change Services in Canada

  Business Environment Risk for 2025: 4.0

  Despite changes in driving patterns and economic fluctuations, demand for critical and non-discretionary auto maintenance tasks, including oil changes, has remained consistent through the current period. For example, revenue faltered amid the pandemic as consumers drove less and put off oil changes. DIY services increased during this period. Conversely, revenue has rebounded in the post-pandemic economy, particularly as governments lifted restrictions, encouraging in-person business and spurr...

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• 6. Eyeglasses & Contact Lens Stores in Canada

  Business Environment Risk for 2025: 4.0

  Eyeglasses and contact lens stores sell eyeglasses, contact lenses, sunglasses, safety eyewear and optical accessories. The industry has benefited from favourable population demographics. The burgeoning elderly population has boosted the number of optometrist visits to address age-related eyesight issues. Meanwhile, changing fashion trends have hastened many consumers' replacement cycles and have caused a shift toward costlier, designer eyewear. The industry has been relatively insulated from...

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• 7. Semiconductor & Other Electronic Component Manufacturing in Canada

  Business Environment Risk for 2025: 4.1

  The Semiconductor and other electronic component manufacturing industry in Canada is experiencing a dynamic period influenced by regional trends and global shifts. Over the past several years, geopolitical forces, such as the tensions between the US and China, have significantly restructured trade lanes. The pressure to prioritize domestic manufacturing has aligned well with Canada's resources however, allowing local firms to maintain profitability despite cheaper labor...

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• 8. Car Body Shops in Canada

  Business Environment Risk for 2025: 4.1

  Car body shops offer necessary and discretionary services for various vehicles, ranging from painting and window tinting to bodywork repairs. Body shops have contended with volatile conditions in recent years as the COVID-19 pandemic shook the world and Canadian economies. Although body shops were deemed essential businesses, demand dropped significantly as lockdowns kept people from driving. The prices of key commodities shot up in the wake of pandemic-related restrictions as supply lagged b...

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• 9. Renewable Power in Canada

  Business Environment Risk for 2025: 4.1

  Renewable power producers have confronted several headwinds recently, balancing the promise of green energy with substantial challenges. While demand for clean energy remains strong, revenue has declined due largely to external pressures, such as fluctuating energy prices and environmental conditions. Droughts have notably hindered hydroelectric generation, escalating operational costs and forcing producers to rely on imported energy to fill the gaps. Industry revenue h...

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• 10. Property, Casualty and Direct Insurance in Canada

  Business Environment Risk for 2025: 4.2

  Property, casualty (P&C) and direct insurers service individuals and businesses by protecting a variety of artificial and natural events, such as car accidents, severe storms, wildfires, business theft and medical malpractice. The industry has benefited from gradual growth in the number of motor vehicle registrations and corporate profit, enabling operators to charge higher premiums. Moreover, as the Canadian population has grown, aged, urbanized and become progressively wealthier, demand...

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