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

September 29, 2022

Canada's small business confidence over the short and long-term declined minimally in September, despite being already at modest levels.

CFIB’s Business Barometer® short-term index, based on 3-month forward expectations for business performance, decreased to 49.5 barely a half point lower than in August. The long-term optimism index, which is based on a 12-month outlook, shaved one point and reached 52.5.

The general state of business didn’t change much since August, and full-time hiring plans for the next 3-4 months are flat.

Average future price increasing plans fell to 4.0; and similarly, average wage plans remained stable at 3.1%.

https://www.cfib-fcei.ca/en/research-economic-analysis/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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