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Canada is the land of maple syrup hockey and also a thriving startup scene canadas history of entrepreneurship dates back to the early 1600s when the fur trade was the primary industry since then the country has seen several waves of entrepreneurs that have shaped its economy including the industrial revolution in the 1800s and the technology boom in the 2000s canadas geography and population are vast spanning over 99 million square kilometers and 38 million people it has cities ranging from cosmopolitan hubs like toronto vancouver and montreal to smaller communities such as kitchenerwaterloo and halifax canada has made significant contributions to technological innovation including the creation of the blackberry smartphone the development of the canadarm for the international space station and the discovery of insulin for diabetes treatment some of the most successful companies founded in canada include shopify hootsuite and freshbooks there are also many multinational companies with headquarters in canada including blackberry bombardier and shopify canada is known for several key historical events including the establishment of the royal canadian mounted police rcmp and the implementation of the canadian charter of rights and freedoms local universities such as the university of toronto university of british columbia and mcgill university have also played a crucial role in fostering the startup scene by producing topnotch talent canadas living wage ranges from cad 1425 to 20 per hour depending on the province while the unemployment rate was 65 in december 2021 the gdp of canadas cities varies significantly with toronto and vancouver being the top two cities with a gdp of cad 377 billion and cad 117 billion respectively the rate of new companies starting and ending in canada has been steadily increasing over the past few years canada has implemented several programs and initiatives to support startups such as the startup visa program which allows foreign entrepreneurs to obtain permanent residency canadas startup scene is thriving due to its supportive government policies skilled workforce and access to funding however it also faces some challenges including limited access to venture capital and a relatively small market size compared to its southern neighbor the united states nonetheless canadas startup scene continues to grow making it an exciting place for entrepreneurs to launch their businesses