Canada’s CFIP Business Barometer long-term optimism index, which is based on a 12-month outlook, fell to 50 in November of 2022 from a downwardly revised 51.2 in the previous month, indicating that there are an equal number of entrepreneurs feeling pessimistic as there are optimistic. It was the first period without general optimism since April 2020, with agriculture, retail, and financial service sectors recording the most pessimistic views for the longer run. In aggregate, staffing plans deteriorated from the prior month, and capital expenditure plans remained lower than those from before the pandemic. In the meantime, plans to increase future prices eased slightly from the preceding month but remained positive, while the outlook on wage levels accelerated. source: CFIB - Canadian Federation of Independent Business

Small Business Sentiment in Canada averaged 61.66 points from 2000 until 2022, 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 November of 2022.

Small Business Sentiment in Canada is expected to be 50.00 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 2023, according to our econometric models.

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Canada CFIB Business Barometer



Calendar GMT Actual Previous Consensus TEForecast
2022-10-27 11:00 AM Oct 51.4 52.4 52
2022-11-24 01:00 PM Nov 50 51.2 51
2022-12-30 11:00 AM Dec 50


Related Last Previous Unit Reference
Small Business Sentiment 50.00 51.20 points Nov 2022
Wholesale Sales 1.30 0.10 percent Oct 2022

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
50.00 51.20 74.07 30.84 2000 - 2022 points Monthly
NSA

News Stream
Canada Small Business Sentiment at 31-Month Low
Canada’s CFIP Business Barometer long-term optimism index, which is based on a 12-month outlook, fell to 50 in November of 2022 from a downwardly revised 51.2 in the previous month, indicating that there are an equal number of entrepreneurs feeling pessimistic as there are optimistic. It was the first period without general optimism since April 2020, with agriculture, retail, and financial service sectors recording the most pessimistic views for the longer run. In aggregate, staffing plans deteriorated from the prior month, and capital expenditure plans remained lower than those from before the pandemic. In the meantime, plans to increase future prices eased slightly from the preceding month but remained positive, while the outlook on wage levels accelerated.
2022-11-24
Canada Small Business Sentiment Down to 30-Month Low
Canada’s CFIB’s Business Barometer long-term optimism index, which is based on a 12-month outlook, fell to 51.4 in October of 2022 from a downwardly revised 52.4 in September, the lowest since April 2020. While future expectations are weaker, the current state of business didn’t deteriorate that much. Full-time staffing plans are very timid, with only 2% net positive hiring outlook and 66% of entrepreneurs looking to maintain their personnel. Average future price increasing plans increased to 4.2; while average wage plans remained stable at 3.1. The industry picture over the short-term is a mix of upwards trends (6 industry groupings) and downwards trends (7 industry groupings). The most significant improvements are reported by firms operating in information, recreation, and entertainment (6.2 points), followed by firms in the personal services sector (4.3 points). The largest declines are seen by firms in the retail sector and in manufacturing (4.2 and 3.0 respectively).
2022-10-27
Canada Small Business Sentiment at 2-Year Low
Canada’s CFIB’s Business Barometer long-term optimism index, which is based on a 12-month outlook, fell to 52.5 in September of 2022 from 53.5 in the previous month. It was the lowest reading since May of 2020, as the general state of business indicator showed that 18% of companies are in a bad situation. Still, 38% of companies reported to be in a good situation. Among the reasons for negative sentiment, 52% of companies flagged a shortage of skilled labor and 35% of firms suggested there is a shortage of unskilled labor. Other notable reasons include insufficient domestic demand (28% of firms), and a shortage of input products (27%). In the meantime, fewer firms were planning to increase prices in the futures, while wages for the next year are expected to rise by 3.1%.
2022-09-29