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

July 29, 2021

Small business confidence over the short and long-term remained constant in July. Several provinces announced lifting of restrictions at various times in July which consolidated business optimism.

CFIB’s Business Barometer® Short-term Index, which is based on 3-month forward expectations for business performance, reached 57.1—similar to the pre-pandemic readings at this time of the year. The long-term optimism index which is based on 12-month outlook remained close to its June level at 69.4.

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

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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