Index of Business Confidence for November 2025

Index of Business Confidence for November 2025

Business and Household Indicators
6 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 5,000 Canadian business organizations.

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A Faint Pulse Returns

The Index of Business Confidence tracks how Canadian firms assess their financial position, investment intentions, and the overall economic climate. Historically, higher confidence has been closely tied to stronger capital spending—a key driver of economic growth and activity. The Index rose to 69.4 points (2014 = 100) this fall, reaching a new high for the year but remaining well below historical norms.

Which key issues dominated business concerns and were cited by more than 45 per cent of executives? Are tariffs or tariff threats still expected to reduce firms’ capital spending in Canada over the next six months? What percentage of firms anticipate annual price growth within 3 per cent or less? What percentage of businesses consider now either a good or a bad time to invest? And what percentage of business executives said artificial intelligence tools will influence their upcoming investment plans?

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