Canada’s CFIB Business Barometer long-term optimism index edged higher by 0.2 points from the previous month to 54.2 in July of 2023, suggesting that small businesses remain relatively optimistic about conditions in the upcoming year. Optimism improved considerably for financial services and insurance companies (+3 to 59.1), information and recreation (+1.5 to 70), and hospitality (+1.8 to 62.7), while pessimism eased for retail trade (+4.5 to 47.2). On the other hand, pessimism sharpened for agriculture (-6.3 to 39.1) and optimism fell for manufacturing (-1.1 to 55.1). source: CFIB - Canadian Federation of Independent Business

Small Business Sentiment in Canada averaged 61.36 points from 2000 until 2023, 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Small Business Sentiment in Canada is expected to be 54.00 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 is projected to trend around 55.00 points in 2024 and 59.00 points in 2025, according to our econometric models.

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Canada CFIB Business Barometer



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-29 11:05 AM Jun 54.1 56.2 50
2023-07-27 11:00 AM Jul 54.2 54
2023-08-31 11:00 AM Aug 54.2 53.8


Related Last Previous Unit Reference
Wholesale Sales 1.40 -2.80 percent Jul 2023
Small Business Sentiment 54.20 54.00 points Jul 2023

Canada CFIB Business Barometer
CFIB’s Business Barometer tracks small business confidence, expectations and operating conditions in Canada. It was revised as of the May 2009 issue. It is based on the same survey question on 12-month future business performance expectations collected annually 1987-2000, quarterly 2001-2008 and monthly since late 2008. The index is a weighted average of response scores: 100 for stronger performance, 50 for same performance, and 0 for weaker performance. The data are not seasonally adjusted.
Actual Previous Highest Lowest Dates Unit Frequency
54.20 54.00 74.07 30.84 2000 - 2023 points Monthly
NSA

News Stream
Canada Small Business Sentiment Edges Higher
Canada’s CFIB Business Barometer long-term optimism index edged higher by 0.2 points from the previous month to 54.2 in July of 2023, suggesting that small businesses remain relatively optimistic about conditions in the upcoming year. Optimism improved considerably for financial services and insurance companies (+3 to 59.1), information and recreation (+1.5 to 70), and hospitality (+1.8 to 62.7), while pessimism eased for retail trade (+4.5 to 47.2). On the other hand, pessimism sharpened for agriculture (-6.3 to 39.1) and optimism fell for manufacturing (-1.1 to 55.1).
2023-07-27
Canada Small Business Sentiment Falls for 1st Time in 7 Months
Canada’s CFIB Business Barometer long-term optimism index fell for the first time in seven moths to 54.1 in June of 2023 from 56.4 in May which was the highest since June last year. Retail (-10.8), natural resources (-10.2), health and education (-7.0) have seen significant decreases in the level of optimism while finance, insurance, and real estate (+10.2) and information and recreation (+7.8) recorded increases. Also, full-time staffing plans are weaker in June, with only 18% of SMEs planning to hire while 15% are planning to lay off. Average wage increase plans have seen another decrease to 2.9 from 3.2. Meanwhile, average price increase plans have taken a sharp fall to 3.3, the lowest since May 2021, from 3.7.
2023-06-29
Canada Small Business Sentiment Highest since June
Canada’s CFIB Business Barometer long-term optimism index increased to 56.4 in May of 2023, the highest since June last year from 55.7 in April. Overall, optimism is improving in most sectors although a few including transportation and natural resources saw a decline. Meanwhile, labour shortages and their side effects are still one of the biggest headaches for small businesses. Only 22% of SMEs are planning to hire while 12% are planning to lay off. Average wage increase plans have seen a small decrease to 3.2 from April level of 3.3.
2023-05-25