Index of Business Confidence

Updated: May 26, 2021

Our widely respected Index of Business Confidence captures the views of senior executives of private Canadian corporations. It delves into the state of their businesses’ sales and finances, their investment plans, and their expectations for the Canadian economy over the coming six months.

This quarterly index is used by the Bank of Canada as a measure of capacity and inflation pressure as it sets monetary and financial markets policy. The index also informs our in-house national economic outlook.

2.6 points to 90.2

Latest issue: May 2021

Business confidence continues to climb.

In The Conference Board of Canada’s latest survey of business leaders, business confidence continued its upward trend. Since falling to historic lows in 2020, business confidence has now reached its highest level since mid-2018. With the COVID-19 vaccine campaign ramping up nationally, our survey results indicate that businesses are ready to start spending on capital when the time is right.

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Author

Richard Forbes

Richard Forbes

Economist

forbes@conferenceboard.ca

Richard Forbes has been an economist on the Conference Board’s economic forecasting team since 2016. Richard plays a key role in overseeing the Conference Board’s Industry Lens and Territorial Outlook products and contributes analysis on a wide range of sectors in the Canadian economy.

Richard holds a Bachelor of Arts Honours degree in economics from Western University, as well as a master's degree in economics from McMaster University, where he specialized in international trade and labour economics.

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