August 2021 SME business outlook -Canadian Federation of Independent Business (CFIB)

August 26, 2021

Canada's small business confidence over the short and long-term changed little in August. The mix of lifting and re-introducing of restrictions caused heterogenous reactions among provinces and sectors.

CFIB's Business Barometer® Short-term Index, which is based on 3-month forward expectations for business performance, dropped to 55.9. The long-term optimism index which is based on 12-month outlook dropped two points to 67.1.

Measured on a scale between 0 and 100, an index above 50 means owners expecting their business’s performance to be stronger in the next year outnumber those expecting weaker performance.

The full report from CFIB can be reviewed on their website.

Topic(s)

International Trade and Border Management

Information source

Canadian Society of Customs Brokers (CSCB)

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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