Industries with Least Riskiest Business Environments in Canada in 2025

• 1. Truck & Bus Manufacturing in Canada

  Business Environment Risk for 2025: 4

  Truck and bus manufacturing remains a staple in the Canadian economy since transporting people and goods is paramount to a healthy economy. Even so, the pandemic slashed demand for truck and bus manufacturers since lockdown restrictions limited manufacturing capabilities, international trade and downstream demand. However, robust e-commerce demand, along with favorable construction spending programs, especially as people returned to work, and the economy's overall recovery in the latter half ...

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• 2. Auto Mechanics in Canada

  Business Environment Risk for 2025: 4

  Auto mechanics provide mechanical and electrical repair and maintenance for various vehicles, including cars, trucks and vans. The industry is typically stable because, regardless of the state of the economy, cars still need to be maintained. However mechanics have faced volatility over the past five years as the Canadian economy has fluctuated in the years following the pandemic. The number of vehicle registrations has consistently increased over the past five years, creating a steady need f...

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• 3. Oil Change Services in Canada

  Business Environment Risk for 2025: 4

  Canada’s oil change service industry is facing a period of measured growth amid economic challenges and shifting trade policy. In 2025, the introduction of new U.S. tariffs on Canadian crude oil and automotive goods, including duties of up to 10% on energy imports and as much as 25% on automotive products, has significantly raised operational costs for many service providers. Smaller independent shops, in particular, are contending with tighter margins as they adapt to supply chain adjustment...

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• 4. Dairy Wholesaling in Canada

  Business Environment Risk for 2025: 4

  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. Freight Forwarding Brokerages & Agencies in Canada

  Business Environment Risk for 2025: 4

  Over the last five years, the industry has reflected responses to evolving inventory strategies and shifting trade conditions. Companies have scaled back on earlier stockpiling practices intended to address supply concerns, moving toward leaner, more demand-driven inventory models. These changes reduced the need for extensive forwarding services, leading to more cost-conscious and flexible scheduling of goods movement. Companies responded by investing in system upgrades and partnering with su...

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• 6. Boat Building in Canada

  Business Environment Risk for 2025: 4

  Canadian boat builders manufacture various watercraft for personal, commercial and government use. These products are highly discretionary purchases, so boat builders benefit from growing consumer confidence, disposable income and spending. The pandemic fostered strong boat sales, encouraging individuals to find socially-distanced recreational activities, leading to heightened demand for boating. This trend has altered the industry's structure, pushing companies to provide added value to conv...

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• 7. Car Body Shops in Canada

  Business Environment Risk for 2025: 4

  Canadian car body shops have shown notable resilience and growth, rebounding quickly after early pandemic-related disruptions. Once quarantine measures lifted, driving activity surged, leading to an uptick in ac...

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• 8. Eyeglasses & Contact Lens Stores in Canada

  Business Environment Risk for 2025: 4

  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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• 9. Public Transportation in Canada

  Business Environment Risk for 2025: 4

  Despite significant headwinds, solid government backing helped public transportation services in Canada generate revenue growth over the past five years. Ridership plummeted in 2020 as the onset of COVID-19 brought quarantine restrictions, unemployment and consumer fears surrounding crowded buses or trains. While these headwinds have since lifted, the lingering prevalence of work-from-home jobs has limited commuting and tempered revenue from public transit companies' fares. Mounting competiti...

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• 10. Concrete Pipe & Block Manufacturing in Canada

  Business Environment Risk for 2025: 4

  Manufacturers of concrete pipes and blocks are vital to the construction sector, providing essential materials for residential, commercial and infrastructure projects. Economic trends influence this industry; fluctuations in interest or mortgage rates impact construction financing costs, potentially influencing construction activity and demand for materials. Additionally, the industry's engagement in international trade, particularly with the US, means that broader American economic and polit...

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