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Celebrating Canada day: The impact of supporting local businesses and the Canadian economy

Celebrating Canada Day: The Impact of Supporting Local Businesses and the Canadian Economy

Published By : Rebecca Scott

The state of global relations has made Canadians realize the importance of supporting local businesses. As Canada Day 2025 approaches, our team is proud to be a Canadian business that has always focused on supporting fellow business owners. Here’s how local support positively impacts Canadians and our economy. 

Canada Day 2025: The Heart and Soul of Canada

It might surprise you to know that of the over 1.2 million employers in Canada, 97.9% are small businesses. In fact, more than half of those employers are micro-companies with less than five people. As well, 18.6% of these same small businesses employ five to nine staff members.

To put those numbers into perspective, about 75% of Canadian companies are run by small business owners with teams of under 10. As the heart and soul of our economy, these companies support communities across Canada.

Canada Day 2025: SMSBs Support Canada’s GDP

There is a misconception that major corporations drive our economy. However, it’s the small- to medium-sized businesses (SMSBs) that make a difference to our gross domestic product (GDP). In fact, 37.5% of our GDP is generated by the small business sector. An additional 14.4% is thanks to medium-sized businesses.

As a result, SMSBs account for over 50% of Canada’s total economic output. Yvon Building Supply is committed to supporting local suppliers and offering their high-quality building materials to local contractors.

Canada Day 2025: How Canadians Help the Economy

When you support local businesses, you also help the Canadian economy in the following ways:

  • Stronger GDP: Every Canadian-made purchase you make strengthens the Canadian economy by contributing to our GDP. It also increases demand for those products, stimulating production and creating more jobs. In cases where the manufacturer buys Canadian, demand for Canadian-made materials also increases.
  • Funding community projects: Choosing local retailers over major non-Canadian chains ensures every loonie you spend stays in your community.

    The taxes collected from local businesses go toward community improvements and infrastructure. You help pay the wages of local retailer staff, and small business owners can afford more competitive wages.

  • Job stimulation: When local businesses are successful, they can afford to expand and create more jobs in your community. When people have a steady income, they continue to buy more Canadian goods.
  • Growth: As local businesses grow, they increase orders to Canadian suppliers, further contributing to the GDP. The suppliers can hire more staff to keep up with demand, thus reducing unemployment.

    Higher employment facilitates more purchases, creating a continuous cycle of growth and a self-supporting local economy.

  • Resilience: When you support local businesses, you help create more resilient supply chains that no longer rely on imports. You also reduce international competition for local entrepreneurs, creating more sustainable Canadian businesses.

Canada Day 2025: Buying Locally Helps the Environment

Buying locally for both businesses like Yvon Building Supply and our customers is also easy on the environment. As Canadians, we are proud of the green spaces in our communities and are happy to do our part to help them thrive.

When Yvon Building Supply buys Canadian-made building materials, we reduce our carbon footprint, keeping our community healthier with less pollution. When our customers make local purchases from us, they also reduce greenhouse gas emissions produced by long-haul deliveries and their company’s own transportation. 

Canada Day 2025: Buying Canadian Is Neighbourly

Canadians have always lent a helping hand, whether at home or abroad. Our neighbourly attitude is clear in our communities when faced with disasters and is becoming even clearer as we embrace the “elbows up” movement.

Our collective decision to buy Canadian products is what locally owned businesses and entrepreneurs need to build a sustainable economy that is independent of the partners on which we used to rely. It is the neighbourly thing to do, contributing to stronger, self-sufficient communities.

However, it is also an opportunity to discover new experiences in your community, from specialty grocers to trendy restaurants and exciting clothing boutiques to building supply stores like Yvon Building Supply.

Canada Day 2025: How to Do Your Part

If you want to start supporting local businesses but aren’t sure where to start, we can offer a few tips to make life easier:

  • Before you make a purchase, research small businesses in your community to find alternatives to your go-to larger stores.
  • Keep an eye out for new shops, restaurants, and services in your community while you’re out and about.
  • Ask friends and neighbours where they shop for specialty items.
  • Follow the social media of local small businesses.
  • Subscribe to a community newsletter.
  • Don’t be afraid to pop into new places, even if you don’t need anything, to familiarize yourself with what they offer.
  • Don’t be so quick to toss local handbills and flyers away, and instead read them to discover new possibilities.
  • When shopping online, look for Canadian-made products.
  • Book Canadian or provincial getaways and vacations instead of spending your money abroad.
  • Look for the Canadian emblem when shopping and select those brands over unflagged brands.
  • Share posts from Canadian businesses you follow to help them expand their reach.
  • Give your favourite local boutiques’ gift cards to friends and family.
  • Spend Saturday or Sunday visiting local farmers’ markets and shops to enjoy seasonal produce and farm-made jams, jellies, and condiments.
  • Download a Canadian brand app to confirm whether something you’re purchasing is Canadian-made.
  • Understand the difference between something manufactured in Canada and a true Canadian brand, and opt for the latter when possible.

Contact Yvon Building Supply

Canada Day 2025 is the perfect day to stand up for Canada and adjust your buying habits to support your community. Yvon Building Supply provides high-quality, locally sourced building materials to contractors and homeowners. We are proud to make it easy for our customers to invest in Canadian-made products to help them in their efforts to support our industry and the Canadian economy.

At Yvon Building Supply, we also offer competitive pricing, reliable bulk ordering options, and wholesale construction materials, supporting contractors with high-quality items and streamlined processes. For more information about our services, call us at 905-635-8700 or contact us online.

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