Index of Business Confidence
Updated: August 13, 2024
Second Quarter Brings a Modest Rise in Business Confidence
The Index has risen in two of the last three surveys but has not yet experienced a substantial uptick often seen during periods of robust economic growth in the past. Although the recent climb in confidence suggests a potential end to the extended period of pessimism, firms’ overall economic expectations remain largely unchanged from the previous survey.
August 13, 2024 • 8-min read
2.1 points to 75.4
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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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