August 2022 SME business outlook - Canadian Federation of Independent Business (CFIB)

August 25, 2022

Canada's small business confidence over the short and long-term remained stable but at low levels in August.

CFIB’s Business Barometer® short-term index, based on 3-month forward expectations for business performance, increased to 50.0 gaining three points. The long-term optimism index, which is based on a 12-month outlook, remained almost unchanged at 53.5.

Overall, NL and BC registered the lowest levels of confidence over the short term and long term. On the other hand, PEI is still leading the country in optimism. Manitoba and Nova Scotia also have healthy levels of business confidence over both time spans.

https://www.cfib-fcei.ca/en/research-economic-analysis/business-barometer-2022-08

Topic(s)

International Trade and Border Management

Information source

Industry Publication

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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