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

June 30, 2022

Canada's small business confidence over the short and long-term fell again in June. CFIB's Business Barometer® Short-term Index, based on 3-month forward expectations for business performance, declined to 54.4, a monthly drop of almost five points. The long-term optimism index, which is based on a 12-month outlook, fell nearly three points to 59.4. June marks the third consecutive month of decreased optimism for both indicators.

Short-term business confidence deteriorated in almost all provinces—the largest decline being seen in Central Canada. Ontario, most notably, shaved six points while Quebec trimmed 4.5 points. PEI and New Brunswick were the only provinces where confidence improved somewhat. Long-term optimism dropped in all but three provinces, (PEI, NB and SK). NL has fallen almost 10 points, while Ontario dropped 5 points.

https://www.cfib-fcei.ca/en/research/economic-indicators/business-barometer

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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