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

May 26, 2022

Canada's small business confidence over the short and long-term dropped slightly in May. CFIB’s Business Barometer® Short-term Index, which is based on 3-month forward expectations for business performance, declined to 58.8, a monthly drop of almost two points. The long-term optimism index, which is based on a 12-month outlook, fell three points to 61.6.

Short-term business confidence has seen some improvements in most provinces, except Ontario which has registered a large decline (-5.6 points) and Quebec. Optimism is somewhat mitigated over the long term. Ontario and Nova Scotia have seen the largest decreases (3.9 and 3.6 points respectively), followed by BC and Quebec.

https://www.cfib-fcei.ca/en/research/economic-indicators/business-barometer-may-2022

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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