Business Barometer®: Small business confidence stays weak and the list of challenges long amid softening demand, price and wage plans ...Middle East

Toronto, August 31, 2023 – The share of businesses reporting that insufficient domestic demand is dampening their growth has reached 40%, the highest point since February 2021, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer®. The insufficient domestic demand indicator has been on an upward trend since its low of 21% in June 2022, and has now surpassed its historical average of 36%. “More and more small businesses have been reporting soft domestic demand in the last few months, adding to the many signs pointing to a clear deceleration of the Canadian economy,” said CFIB’s chief economist and vice-president of research Simon Gaudreault. “This sh

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