Canadian Women Entrepreneurs Hit Hard by Tariffs and Economic Uncertainty

Women entrepreneurs in Canada are facing uncertainty and challenges as they navigate the country's trade relationship with the US. Simin Daneshyar, a Toronto newcomer, has put expansion plans on hold due to tariffs and economic uncertainty.

Daneshyar believes governments should make it easier for new entrepreneurs to find available programs and financial support. She suggests that information about government initiatives be more accessible and understandable, particularly for first-time business owners.

Statistics Canada reported that majority women-owned businesses accounted for 20.6% of all private-sector businesses in the first quarter of 2026. These businesses were most commonly found in professional services and healthcare.

The Business Development Bank of Canada (BDC) has supported over 21,000 women-owned businesses with $8.2 billion in loans and investments as of March 31, 2026. In a January 2025 survey, 64% of women entrepreneurs said US tariffs could negatively affect their businesses.

Adila Akbari, another newcomer to Canada, is interested in starting her own business but is concerned about the current economic uncertainty and trade tensions. She believes networking and learning from other business owners can help new entrepreneurs adapt to changing market conditions.