Index of Business Confidence

The Eighth Consecutive Plunge in Confidence

The latest drop adds to an already historic downward spell where the index has fallen in eight straight quarters. Our recent survey indicates that high interest rates and rising labour costs were once again the two most popular factors adversely affecting firms’ planned investment levels in Canada. The survey was conducted between July 5 and July 26, 2023.

August 24, 2023   •   4-min read

Glass office buildings at twilight

2.9 points to 71.5

Get Data

Results are available to e-Data subscribers, and analysis is available to inFact subscribers for a one-time fee.

Icon of magnifying glass over chart


Account icon with plus sign

New Users

Shopping bag icon

Purchase Subscription

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.

Access data

Get the latest on Canada’s used housing markets, updated monthly.

Become a subscriber    Contact us for more information



Woman looking at co-worker during a meeting

Stay Informed

As the country’s largest private economic analysis and forecasting unit, we are here to help leaders cut through the noise and make informed decisions to build the Canada of tomorrow.