The Government of Canada provides analysis and detailed information on
economic indicators using the most recent data from Statistics Canada on the
website, www.ic.gc.ca/eic/site/cis-sic.nsf/eng/home. This website can help
small to medium sized businesses understand the dynamics of their industries.
Users can focus on a single industry over time or compare one industry against
another.
Data is segregated based on the North American Industry Classification
System (NAICS) code. Within each specific NAICS code is detailed financial
performance data. Such data includes, for example, average gross margins,
detailed breakdowns of expenses (e.g. repairs and maintenance, labour,
professional and business fees) as a percentage of revenues, and certain
financial ratios (e.g. current ratio, return on total assets).
Action Item: Consider using this site to compare your costs as a
percentage of revenues to other Canadian companies in your industry.