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The CFIB Business Barometer is a leading economic indicator that measures the business sentiment and expectations of small and medium-sized enterprise (SME) owners in Canada. It provides insights into future business performance, hiring intentions, and capital investment plans for the next 12 months. A reading above 50 indicates that owners expecting stronger performance outnumber those expecting weaker performance, signaling economic expansion.
The index is based on a monthly survey of CFIB members across various industries and regions in Canada. Responses are weighted by industry and province to ensure a representative sample of the national small business landscape.