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

July 28, 2022

Canada's small business confidence over the short and long-term fell considerably in July.

CFIB’s Business Barometer® short-term index, based on 3-month forward expectations for business performance, declined to 46.7 following a significant drop of almost eight points. The long-term optimism index, which is based on a 12-month outlook, fell nearly seven points to 52.7 marking the fourth consecutive decline in optimism for both indicators.

Confidence over the short term and long term deteriorated in all provinces. Ontario, and NL registered the lowest levels of confidence over the short term and long term also. PEI is still leading the country in short term optimism (71.2) and has healthy levels of confidence over the long term also (63.0).

https://www.cfib-fcei.ca/en/research-economic-analysis/business-barometer-2022-07

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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