This quarterly survey poses ten qualitative questions regarding the business climate and investment intentions to senior officers of approximately 150 large Canadian businesses. Responses to three select questions are used to construct the Index.
Document Highlights
This survey was conducted after the terrorist attacks on September 11 and reflects the great degree of uncertainty with which business perceives Canada’s future economic growth.
- Business confidence plunged by 39 percentage points in the third quarter.
- Fewer than 10 per cent of respondents felt that the Canadian economy would improve over the next six months, down from 22 per cent in the second quarter.
- Respondents indicated that both the financial position and profitability of their organizations would deteriorate over the next six months.
- Business confidence will remain volatile over the next few quarters as firms come to grips with the economic effects of the war against terrorism.
