Where does IBISWorld source its data?
We source Canada industry data from three sources: catch-all, industry-specific and industry contacts.
Data from Statistics Canada is the foundation of our key statistics.
CANSIM, Statistics Canada’s socioeconomic database, offers a variety of publicly and non-publicly available data on a range of sectors, demographics and geographies.
Industry Canada and Canadian Business Patterns help fill in some of the gaps and provide data for the Geographic Breakdown chapter. Industry Canada’s Trade Data Online portal provides industry trade numbers, and Canada Border Services Agency supplies tariff information. The data from these official sources provides the foundation for our five-year data forecasts.
Industry Canada’s Financial Performance Data provides cost structure information on five-digit NAICS industries at both the national and provincial levels.
Data from these sources is often in the form of incomplete datasets. We fill in the gaps using proxy datasets such as key external drivers, complimentary/substitute industries in Ontario, major companies operating in Ontario, national Canadian industries, data published in news articles or industry/trade associations.
We use industry and trade associations for insights on current issues and trends (E.g., regulation and taxation), collecting statistics on production values, and/or market and product segmentation.
We source data for specific sectors from industry federations and regulators such as the Retail Council of Canada, Transport Canada and the Canadian Deposit Insurance Corporation. We also supplement sector-level data with reports from major industry players, such as SEC 10k filing.
Our analysts supplement their insights with real-world advice, feedback and updates on operating conditions from contacts and connections working in relevant industries.
For any additional questions regarding IBISWorld’s Canada data sourcing, please reach out to your Client Relationship Manager. If you’re not an IBISWorld member, please contact us to learn more about our membership options.