This quarterly survey poses ten qualitative questions regarding the business climate and investment intentions to senior officers of approximately 150 large Canadian businesses. Responses to three select questions are used to construct the Index.
Document Highlights
In the second quarter, the Index reversed a 22.9 point, first quarter drop and increased by 14.2 index points to 131.6. While the rebound in business confidence is encouraging, only a year ago the Index was at 154.3. The current level indicates that firms are still fairly pessimistic about the present business environment.
- The main reason for the increase was an improvement in respondents’ views concerning their financial position.
- A likely reason for the increase in respondents’ perceptions about short-term economic conditions in Canada was the fact that the Canadian economy is growing faster than that of the United States.
- Respondents are not concerned that higher energy prices will result in a surge in inflation.
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