SMBs ending year without much optimism, new CFIB report reveals

Small businesses are wrapping up the year with a mixed outlook, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer, released today.

The report notes that despite ongoing challenges, the state of business this December is virtually back to where it was three years ago: 38 per cent of entrepreneurs now say their business is in good shape, while 17 per cent describe their situation as bad (those shares were 38 per cent and 16 per cent respectively in December 2019).

“Although it is encouraging to see some things going back to normal, such as how entrepreneurs perceive the overall state of their business, we have to recall that recovery, especially on the financial side, remains elusive for too many,” said Simon Gaudreault, chief economist and vice president of research at CFIB.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.

Big Bytes

Related Bytes