Estimating the Size of the Aboriginal Market in Canada [Canadian Council for Aboriginal Business, CCAB]

Canadian Council for Aboriginal Business (CCAB)
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"TD Economics in conjunction with the Canadian Council for Aboriginal Business estimate that the combined income of Aboriginal households, business and government sectors could be $32 billion by 2016, up from $24 billion this year. If this is achieved, the income will exceed the combined level of nominal GDP in Newfoundland and Labrador, and Prince Edward Island.

This significant growth is in part due to Aboriginal economic development corporations (EDCs), the economic and business development arms of Aboriginal governments. A decade ago, the business share of the total Aboriginal market was 35 per cent and small businesses accounted for the dominant share. Today, the number of EDCs has increased and so too have annual earnings. Combined, businesses now contribute about 37 per cent to aggregate annual income."