![]() CFIB is dedicated to increasing business owners’ chances of success by driving policy change at all levels of government, providing expert advice and tools, and negotiating exclusive savings. The Canadian Federation of Independent Business (CFIB) is Canada’s largest association of small and medium-sized businesses with 97,000 members across every industry and region. As business leaders, we employ various strategies and actions to revive our businesses when needed and take them to the heights of success. “While one month does not make a trend and we still have a long way to go, several signs tell us we may finally be seeing some cooling of the economy,” Gaudreault noted. Results for the unfilled orders indicator also seem to be normalizing and gradually more firms are reporting unsold inventories. It is on a clear upward trend since reaching a low point of 21 per cent in June 2022, and it is getting close to its historical share of 36 per cent. The share of businesses reporting insufficient domestic demand reached 32 per cent, a high point in two years. While they may not be immediately hired, it should ultimately help employers find qualified staff,” said Andreea Bourgeois, CFIB Director of Economics, in a news release. Immigration is also through the roof, meaning there’s an influx of candidates on the market. Small business owners may be adjusting to labour shortages or cutting down on hiring, choosing instead to work more hours themselves or reduce their services. ![]() “The demand for labour is usually stronger this time of year. “Price, labour and demand indicators all show results consistent with an economy that is losing some of its steam.” Meanwhile, other results from our tracking survey point to early signs of an economic slowdown,” said Simon Gaudreault, Chief Economist and Vice-President of Research at CFIB, in a news release. Some popular writers and leaders emphasize luck and downplay the importance of design or planning in contributing to success. How Can Positive Thinking Help Your Business Businesspeople debate whether success comes from luck or design. When business is good, we think, Why should I. What is optimism in business Keep reading to find out. ![]() “National small-business optimism as measured through our index remains far below its historical average of 61. Diversify your product offering, customer list and maybe even how you present your company to the marketplace. ![]() J– After a seven-month upward streak, the small business optimism index for the next 12 months dropped 2.1 points, sitting at 54.1 in June, according to the latest Canadian Federation of Independent Business (CFIB) Business Barometer®.Ītlantic Canada is doing relatively better than the rest of the country in June due to the start of the summer tourism season, with all four provinces reporting long-term confidence indexes above 60.Īs for the sectors, retail posted the biggest decrease in long-term optimism (-10.8 index points to 44.3), remaining at the bottom of the optimism scale, while information and recreation (69.1) topped the sector rankings. ![]()
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