CFIB's Business Barometer long-term index, which is based on 12-month outlook, dropped 2.3 points to 67.1 in August 2021. The latest reading pointed to little-changed sentiment across Canada's small business owners, as the mix of lifting and re-introducing of restrictions caused heterogenous reactions among provinces and sectors. At 3.8% and 2.3% respectively, 12-month price and wage plans are getting even higher than in previous months. National employment plans remained similar as in July with 25 percent of entrepreneurs planning on hiring while 13 per cent are forecasting layoffs. Short-term sectoral confidence spans over a wider range from 51.1 in transportation to 65.1 in finance and insurance. source: CFIB - Canadian Federation of Independent Business
Small Business Sentiment in Canada averaged 61.95 points from 2000 until 2021, reaching an all time high of 74.07 points in April of 2002 and a record low of 30.84 points in March of 2020. This page provides - Canada CFIB Business Barometer Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada CFIB Business Barometer - values, historical data and charts - was last updated on September of 2021.
Small Business Sentiment in Canada is expected to be 65.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada CFIB Business Barometer Index is projected to trend around 55.00 points in 2022 and 54.00 points in 2023, according to our econometric models.