New data CFIB Business Barometer (Nov)
11/29/2024
actual 59.7, previous 55.8
The CFIB Business Barometer is a monthly survey conducted by the Canadian Federation of Independent Business (CFIB) to gauge the sentiment and outlook of small and medium-sized businesses in Canada.In this particular event for November, the CFIB Business Barometer reading came in at 59.7, which was higher than the previous month's reading of 55.8. This indicates an increase in business confidence and optimism among Canadian businesses.
The actual reading of 59.7 also exceeded the market estimate of 56.3, showing a stronger-than-expected performance. The change of 3.9 from the previous month represents a significant improvement in business sentiment.
Overall, this event suggests that Canadian businesses are feeling more positive about the economic conditions and outlook, which could potentially lead to increased investment, hiring, and overall economic growth in the country.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
