Small business confidence over the short and long-term gained momentum in June. With many provinces announcing easing of restrictions, due to solid vaccine rollout plans and lower hospitalization rates, business optimism improved without a doubt.
CFIB’s Business Barometer® index, which is based on 12-month forward expectations for business performance, reached 70.1—an almost four-point gain since May. The more immediate optimism index based on the 3-month outlook improved by five points and reached 56.8.
The full report from CFIB can be reviewed on their website.
