Index of Business Confidence—December 2021

The Conference Board of Canada, December 10, 2021
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This quarterly survey poses ten qualitative questions regarding the business climate and investment intentions to senior officers of approximately 1,500 Canadian business organizations.

Document Highlights

In November, The Conference Board of Canada’s Index of Business Confidence fell 19 points to 85.6. It now sits at its lowest level since falling to historic lows in mid-2020. Since that time, business confidence had steadily risen, but our latest survey indicates that firms have shifted their concerns from economic recovery to the pandemic’s fallout.

The Index of Business Confidence summarizes Canadian business executives’ views on the state of the economy and is a reliable leading indicator of investment spending. When businesses have been optimistic in the past, there was greater spending on machinery and equipment, which has a lasting impact on the country’s potential economic growth.

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