CFIB's Business Barometer long-term index, which is based on 12-month outlook, dropped 9 points to 57.8 in September of 2021. It was the lowest reading since November of 2020, with uncertainty around the outcome of the federal elections, and a mix of new restrictions and implications from vaccine passports partly explaining this significant fall of optimism among all provinces and sectors. At 3.7% and 2.6% respectively, 12-month price and wage plans remained at the elevated levels seen during the previous months. National employment plans are muted with 19% of small employers planning to hire or layoff in the next months. All sectoral short-term outlooks worsened, with professional services, hospitality and construction plummeting the most. Long-term optimism dropped the most in retail and agriculture. source: CFIB - Canadian Federation of Independent Business

Small Business Sentiment in Canada averaged 61.93 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 October of 2021.

Small Business Sentiment in Canada is expected to be 62.50 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 2022 and 54.00 points in 2023, according to our econometric models.

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Canada CFIB Business Barometer


Canada Last Unit Reference Previous Highest Lowest
Wholesale Sales 1.10 percent Sep/21 0.30 19.30 -22.00
Small Business Sentiment 57.83 points Sep/21 67.08 74.07 30.84


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.