Index of Business Confidence

Updated: August 16, 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.

14.3 points to 104.5

Latest issue: August 2021

Firms optimistic on near-term prospects

Confidence continued to surge in The Conference Board of Canada’s latest survey of business leaders. Since falling to historic lows in 2020, business confidence has kept rising, and has now reached its highest level since 2006. Our survey results indicate that businesses believe the pandemic will soon be a thing of the past, and that firms are ready to ramp up their capital expenditures in the near term.

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Richard Forbes

Richard Forbes


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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