Second Quarter Brings a Modest Rise in Business Confidence: Index of Business Confidence—August 2024

Second Quarter Brings a Modest Rise in Business Confidence: Index of Business Confidence—August 2024

Artificial Intelligence Consumer and Business Confidence
8 min read

Author: Jake Lenarduzzi

$335.00

This quarterly survey poses 12 qualitative questions regarding the business climate and investment intentions to senior officers of approximately 8,000 Canadian business organizations.

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This online experience assesses Canadian businesses’ confidence in their financial conditions, investment plans, and perspectives on the broader economy, acting as a reliable indicator of investment spending.

In July, The Conference Board of Canada’s Index of Business Confidence increased by 2.1 points, reaching 75.4 (2014 = 100).

Although the Index has risen in two of the last three surveys, it has not yet experienced a substantial uptick often seen during periods of robust economic growth in the past. What is the leading concern of Canadian business executives? Do executives expect their firms’ borrowing rates to remain stable or to decrease over the next six months? Are business executives increasingly recognizing the benefits of artificial intelligence in the workplace? And is there any significant improvement in responses related to firms’ finances?

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