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

October 5, 2021

Canada's small business optimism over the short and long-term dropped sharply in September. Uncertainty around the outcome of the federal elections (most survey responses were received in the second week of September), and a mix of new restrictions and implications from vaccine passports can partly explain this significant fall of optimism among all provinces and sectors.

CFIB’s Business Barometer® Short-term Index, which is based on 3-month forward expectations for business performance, dropped more than 12 points to 43.2. The long-term optimism index which is based on 12-month outlook dropped 9 points to 57.8. Both indices are back to levels seen at the beginning of this year.

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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