Index of Business Confidence

Business Confidence Bucks the Trend in Fourth Quarter

The recent increase in business confidence could prove to be a turning point, although many businesses remain pessimistic about the current state of the economy. According to our survey, the primary factors that are negatively impacting firms’ planned investment in Canada continue to be high interest rates and rising labour costs.

February 26, 2023   •   6-min read

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6.2 points to 76.9

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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.

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