What family firms like Rothschild can teach Canadian businesses about resilience

The Gunnersbury Estate, which was purchased by merchant and financier Nathan Mayer Rothschild in 1835, is seen in London in 2022. (Shutterstock)

Family businesses constitute a vital component of Canada’s economic landscape. They make up 63 per cent of privately held firms, employ nearly seven million people and generate about $575 billion a year.