This quarterly survey poses ten qualitative questions regarding the business climate and investment intentions to senior officers of approximately 1,500 Canadian business organizations.
Document Highlights
As was a recurring theme in 2021, especially in the second half of the year, inflationary pressures and supply constraints are causing concerns for Canadian firms.
In February, Signal49 Research’s Index of Business Confidence fell 1.8 points to 83.8 (2014 = 100) and now sits at its lowest level since the third quarter of 2020, when the index dropped to 43.8.
Exactly 50 per cent of executives said that they expect prices in Canada to rise at an annual rate of 5 per cent or greater over the next six months, which is roughly in line with our latest view on Canadian inflation in the short term.


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