Canada's CFIB's Business Barometer long-term index, which is based on 12-month outlook, rose 1.7 points and reached 62.2 in November of 2021, its highest since August. The provincial outlook is mitigated with some provinces being more optimistic than in October while others being slightly more negative about their future outcomes. Sectoral viewpoints both over the short-term and long-term are also mixed. Not surprisingly, the retail sector had the most gain in confidence with almost 7 points during the pre-holidays shopping season. On the other hand, hospitality had the most significant drop over the short term. Among the other business indicators, the most notable change is seen in the planned price increase for the next year which has reached another all-times high at 4.3%. Wage increases also gained ground to 3.1%, which is the highest for this indicator as well. Investment plans for the next year are strongest in the information and communication area with 30% of businesses. source: CFIB - Canadian Federation of Independent Business
Small Business Sentiment in Canada averaged 61.92 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 December 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.