August 2021 SME business outlook -Canadian Federation of Independent Business (CFIB)

Submitted by admin on Thu, 08/26/2021 - 16:34

Canada's small business confidence over the short and long-term changed little in August. The mix of lifting and re-introducing of restrictions caused heterogenous reactions among provinces and sectors. 

CFIB's Business Barometer® Short-term Index, which is based on 3-month forward expectations for business performance, dropped to 55.9. The long-term optimism index which is based on 12-month outlook dropped two points to 67.1.

Measured on a scale between 0 and 100, an index above 50 means owners expecting their business’s performance to be stronger in the next year outnumber those expecting weaker performance.

The full report from CFIB can be reviewed on their website.